Shawbrook Bank’s commercial mortgages division has today published two new legal guides for its broker partners to help clarify the bank’s legal processes.
The guides have been produced to help solicitors in understanding the Shawbrook Bank legal procedure for purchase cases and to give solicitors access to some of the lender’s legal requirements at an earlier stage in the transaction.
Shawbrook says this will enable borrowers’ solicitors to begin the legal process before the bank has instructed its own solicitors, helping to speed up transaction times.
The guides cover purchase cases that are eligible for Shawbrook’s ‘Fast Track’ process, as well as all other Full Title purchases, with summaries of what loans qualify.
The guides, which have been developed in partnership with Pure Law Solicitors, are available exclusively to Shawbrook’s broker partners.
Karen Bennett (pictured), sales and marketing director for commercial mortgages at Shawbrook Bank, said: “As part of our dedication to pragmatic lending, Shawbrook has released a number of guidelines over the last few months to help clarify our lending requirements and credit appetite across the industry.
“The conveyancing space has always been a complex area and we have worked closely with the Pure Law team to develop a set of guides that we hope will pre-empt many common questions that have historically caused roadblocks in the process, ensuring a positive journey for brokers and their customers.”
