Shawbrook adds dedicated student accommodation finance range

Shawbrook has launched a dedicated finance proposition for purpose built student accommodation, following demand from brokers and investors in the sector.

The bank said it has already completed a number of PBSA transactions and is now offering dedicated pricing and criteria for experienced landlords.

The proposition includes loans from £500,000 to £35m, with rates starting from 5.99%.

Shawbrook will lend up to 75% LTV on interest only facilities, with terms available up to 25 years.

Transactions above £2.5m will be supported by Shawbrook’s structured real estate team, reflecting the more specialist requirements often involved in PBSA developments and investments.

Daryl Norkett, director of real estate proposition at Shawbrook, said: "We've seen increasing demand from brokers and professional investors financing PBSA assets - particularly where borrowers need a lender that genuinely understands how these deals work. Every transaction in this sector is different, and the financing requirements are often more nuanced than in traditional property lending. A dedicated proposition means we can give brokers and their clients the certainty and expertise they need from the outset”