Shawbrook cuts large loan bridging rates
Shawbrook has reduced rates across its unregulated bridging offering, with rates now starting from 0.40% per month, down from 0.50%.
The changes impact the specialist lender’s bridging proposition on loans over £1m across residential, semi-commercial, commercial, and heavy refurbishment products.
The rates apply to loans to value of up to 85%. Shawbrook’s unregulated bridging range caters for loans from £50k to £15m.
Rates on the lenders regulated bridging products remains the same. Changes to Shawbrook’s bridging product range follows a recent reprice across its commercial offering.
Gavin Seaholme, head of bridging and second charge, commented: “At Shawbrook we are committed to providing a competitive bridging proposition. The recent restructuring of the real estate team to establish a focused bridging and second charge team highlights this long term dedication to help our brokers provide more choice to customers. Our rates are coupled with a strong expertise and understanding of the bridging market and wider property landscape.”
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