Shawbrook expands its short term loans desk

The moves are part of Shawbrook’s ongoing investment in its STL desk, supporting the bank’s rapid growth in the STL market. 

David Alexander is the STL desk’s newest Commercial Lending Manager. David joined Shawbrook’s Commercial Mortgages division in 2011, following roles at Heritable Bank and Mortgage Express, where he held the role of senior underwriter.

Kim Wood also joins the STL team, supporting Tina Bartlett as a Lending Officer. She is used to working closely with brokers, valuers, solicitors and lending managers to push each case through to completion as quickly and smoothly as possible – often in a matter of days. Kim began her career in finance in 2003 as a case manager at The Mortgage Times, before joining Shawbrook in August 2013. 

Karen Bennett, Sales and Marketing Director, Commercial Mortgages, said:

“We have big ambitions for our short term loan business in 2014, and at the forefront of this growth will be excellent service delivery combined with the most competitive pricing across all LTVs. Having a dedicated STL desk, including an exclusive team of mandated underwriters, is critical to our STL offering – its sole focus is delivering within the desired timescales on every deal that comes through the door.

“We’re delighted that Dave and Kim have moved into the team. They know our brokers and our business, and both are really committed to delivering the very best service. This is the latest in a long list of exciting changes to our STL products and processes which we’ll be announcing in the coming weeks and months.”

The news comes days after Shawbrook’s Commercial Mortgages division announced its move into the heavy refurbishment arena with the launch of a brand new short term finance product: STL6 alongside a raft of improvements across all their STL products.