Shawbrook Commercial Mortgages has revealed plans for a range of cost-saving initiatives for brokers’ clients throughout March, via its ‘Spring Fling’ series.

The first in the ‘Spring Fling’ series has gone live with a change to the arrangement fee for customers. There is be a 0.25 percentage point discount on the arrangement fee for all new Applications in Principle (AIPs) until 31 March, which will be applied alongside Shawbrook’s standard existing customer discount. This will be available for all specialist buy-to-let products – including large loans – providing considerable savings and clarifying the commercial mortgages team’s appetite as Q1 of 2017 comes to a close.

This will be followed with other more product specific changes over the coming weeks. Each further initiative within the ‘Spring Fling’ series will be announced on a weekly basis.

Karen Bennett, managing director of Shawbrook Commercial Mortgages, said: “Here at Shawbrook we pride ourselves on the close working relationships we have fostered with our panel of broker partners. We are always looking to provide value for their clients and this is why we have launched this initiative, which will provide a diverse range of pricing and efficiency savings throughout March.

“There will be further benefits for brokers’ clients announced during the next four weeks, and we strongly advise our broker partners to keep a lookout in their inboxes for the next instalment of our ‘Spring Fling’ series.”