Shawbrook Overhaul Product Range

Shawbrook Bank have overhauled their product range, with a number of updates for bridging loans, commercial mortgages and new fixed rates for September.

Shawbrook bank have announced a raft of updates for their product range as the bridging loan rate war continues to rage.

Bridging loan rates have reduced heavily over the last 18 months, as a result of increased competition due to more lenders entering the market. Shawbrook have continued this trend by reducing the pricing of their ‘STL1’ product range, products suitable for unregulated bridging.

Rates now start at 0.43% for bridging loans up to 50% loan to value, 0.53% per month up to 65% LTV and 0.7% per month up to 75%.

Read on below to see details of the new product range:

Regulated Bridging Loans

Rates from 0.59% per month
Loans available up to 70% loan to value
Property refurbishment products available from 0.65% per month

Unregulated Bridging Loans

Rates from 0.43% per month
Loans available up to 75% loan to value
Property refurbishment loans available from 0.6% per month

Commercial Bridging Loans

Borrow at 0.83% per month up to 70% loan to value
0.83% rate available for standard bridging right through to heavy refurbishment up to 70%
Semi-commercial bridging available from 0.75% and at 0.81% up to 75% loan to value

Commercial Investment Mortgages

Rates available from 5.05% per annum
Borrow up to 75% loan to value
Interest only or capital repayment available

September 2018 fixed rates

3 year from 5.2%
4 year from 5.27%
5 year from 5.33%
7 year from 5.46%
10 year from 5.56%

Semi-Commercial Investment Mortgages

Rates available from 5.05% per annum
Borrow up to 75% loan to value
Interest only or capital repayment available

Fixed rates available

3 year from 4.9%
4 year from 4.97%
5 year from 5.03%
7 year from 5.16%
10 year from 5.26%

To find out more on any of the rates highlighted in this update, enquire online now or call us now on 01922 620008.

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2018-09-17T13:14:39+00:00
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