Shawbrook Bank cuts rates on commercial heavy refurbishment loan range

By Bridging Loan Directory 3rd November 2021

Shawbrook Bank has announced a reduction in rates across its commercial heavy refurbishment product range, with rates now starting from 0.60% per month.

Loan to Value	Old Rate	New Rate
50% LTV	0.90% per month	0.60% per month
50.01-60% LTV	1.00% per month	0.70% per month
60.01-70% LTV	1.10% per month	0.80% per month

This repricing brings the specialist lenders’ rates on commercial and semi-commercial heavy refurbishment in line with its current residential heavy refurbishment pricing.

Shawbrook’s range is suitable for complex commercial bridging cases and shows an ongoing commitment to supporting customers by continuing to provide the market with competitive rates.

Emma Cox, Head of Sales at Shawbrook Bank, comments:

“The bridging market is a core part of our proposition and we are delighted to support our brokers and their clients with this pricing improvement.

We are in constant dialogue with our broker partners about what is important to them in this space, and our product improvement programme demonstrates our commitment to feedback-based change – not only around price – but also in terms of flexibility, service, communication and ease of application, all of which are fundamental to supporting positive customer outcomes.”