Best completions quarter for Shawbrook Commercial

Published on

Shawbrook Bank has revealed that the third quarter of 2016 was its most successful to date for its commercial mortgages team in terms of completions.

September 2016 was also its second most successful month in terms of originations.

The lender said this follows a programme of extensive investment into the team structure, processes, and technology platforms, all designed to make the transaction of business more efficient.

E-AIP, its digital application service launched in April, has since been upgraded and expanded to help the bank’s network of broker partners.

In Q3, 39% of applications via E-AIP resulted in brokers receiving an instant Indicative Mortgage Offer (IMO) for their clients.

Emma Cox, sales director of Shawbrook Commercial Mortgages, said: “The investment we have made into our teams and technology is part of an on-going strategy to solidify the bedrock from which we deliver what is a fundamentally sustainable model focused on good outcomes for borrowers.

“In spite of a challenging year with regard to the new tax regime, the complexities of Brexit and the PRA consultation, our strong appetite to lend remains in comparison to some who have pulled back in several key markets.

“The changes we make come about as a result of direct feedback from our broker partners and we make a point of considering any and all suggestions. Senior management is committed to this philosophy and we are confident that our brokers will continue to see the benefits of a long term, two way relationship.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...