Shawbrook Bank’s commercial mortgages division has published documents for its broker partners, designed to help clarify the its appetite to lend on large loans.
The material, which include a number of tips and case scenarios to help support brokers with large loan applications, is available exclusively to the lender’s broker partners.
Shawbrook will consider large loan applications from £750,000 to £15m across all asset classes, from residential, portfolio lending, HMOs and student lets, through to semi-commercial and commercial properties.
The lender has also highlighted its short-term loan offering for large loans, which are particularly popular with borrowers looking to buy property and add value, with the intention of switching onto a longer-term solution.
Karen Bennett, sales and marketing director of commercial mortgages at Shawbrook Bank, said: “As part of our on-going commitment to pragmatic lending, our recent focus around large loans is intended to provide further support for our broker partners and help clarify our appetite for this loan type.
“We have a dedicated team with in-depth experience, ready to help brokers navigate this complex area and would encourage our partners to make use of the team’s expertise to help their clients achieve the right outcome.”
