Shawbrook Bank has promoted Terry Woodley to the position of head of specialist lending within its commercial mortgage business.

Woodley is now tasked with managing a specialist team focussing on underwriting large loans in the
£500,000 to £10 million residential and commercial property sectors.

He will also work to improve its service to intermediaries and clients.

Woodley joined Shawbrook Bank in September 2011 as a credit risk manager. Prior to Shawbrook, Terry worked for six years as a business partner at Clydesdale Bank and eight years at NatWest in the bank’s commercial sector.

“The creation of a specialist team enables Shawbrook to develop a bespoke service for the larger loan market,” said Stephen Johnson, managing director of Shawbrook Commercial Mortgages.

“We believe it will add considerable value to our intermediary partners and complement our core business which continues to go from strength to strength.”

Woodley added: “I have already experienced how as a young and growing bank not constrained by bureaucracy, Shawbrook has been able to constantly evolve with the changing market and appetite of its clients.

“This has been exciting to be a part of and I look forward to playing a new role in its continued growth and success.”