Shawbrook Bank’s Strategic Partner Programme marks 1st anniversary with further expansion
By Bridging Loan Directory -
As Shawbrook prepares to celebrate the first anniversary of its successful Strategic Partner programme, the bank has announced that the network has been boosted with the addition of four new brokers. The latest appointments mean that, just a year since the programme’s launch, the number of brokers on the Strategic Partner panel now stands at 32.
Shawbrook’s Commercial Mortgages business launched its Strategic Partnership programme in September 2012 with 18 commercial mortgage brokers. Brokers are awarded the status in recognition of the high quality of business they deliver, and members of the panel receive exclusive process and marketing benefits as well as their own commission structure. The programme has a clear set of criteria against which Strategic Partners are measured, including the level of conversion rates achieved on initial submissions and ultimate conversion to successful loan completion.
The latest additions to the Strategic Panel network are: Boudicca, Buchler Barnett Spencer, Outside the Box, and The Buy to Let Business.
Karen Bennett, Sales and Marketing Director, Commercial Mortgages at Shawbrook Bank, said:
“We are really proud to see that our Strategic Partner programme has gone from strength to strength since its launch a year ago.
“The programme is an increasingly valuable part of our model at Shawbrook. Because we only lend through intermediaries, the channel is right at the centre of everything we do. This model allows us to operate with huge efficiency. We rely on our brokers to use their expertise and understanding of each client to package a thorough application, resulting in a fast turnaround and greater volumes of business completed.
“Clearly, the model is working. In our second year results, we grew our Commercial Mortgages division by 437% – which would simply not have been possible without the close working relationships we have developed with our network of brokers”.
Commenting on his appointment to the Strategic Partner panel, Ying Tan at The Buy to Let Business said:
“We think Shawbrook’s Strategic Partner programme is a fantastic initiative, so we’re thrilled to now be a part of it.
“The most exciting banks at this time are working more and more closely with intermediaries, and developing these relationships – we think – is key to the continued growth of the market.
“On top of this, Shawbrook shares the same sense of creativity and innovation that we put at the heart of our business. This common spirit of entrepreneurship makes the new partnership even more exciting.”
For further information please visit www.shawbrook.co.uk