Shawbrook reduces rates on commercial and semi-commercial offerings
Shawbrook has announced a reduction in rates across its Commercial and Semi-Commercial Investment offerings, with rates now starting from 4.74%.
The changes impact the specialist lender’s commercial and semi-commercial fixed rate products on loans over £150k.
From today customers will be able to access a 4.74% five-year fixed rate for loans over £150,000 on a semi-commercial product. Prior to today customers could have expected a rate starting from 5.09%.
Those in the market for a commercial loan can expect a five-year fixed rate starting at 5.49% for loans over £150,000. Before the reduction rates started from 5.79%.
Shawbrook’s Commercial Investment range caters for loans up to 75% LTV, between £50k to £25m and is also suitable for complex commercial investments including serviced offices, and vacant units being considered.
Darrell Walker, Head of Sales comments:
“In what has been a very fast paced market, Shawbrook’s ability to be agile through our Commercial Investment offering has provided more opportunities for our customers that may be making the most of current market opportunities.
At Shawbrook we remain steadfast in our commitment to helping brokers to provide more choice and competitive options to meet the abundant demand that exists in this sector.
We’re proud of our Commercial Investment offering and hope by making our rates more competitive, we send a clear signal of our continued commitment to this market.”