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 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."
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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC
