This gives brokers more flexibility to support clients looking to purchase or refurbish commercial property and access higher funding for a wider range of projects.
Shawbrook has increased the maximum loan-to-value (LTV) available on eligible commercial bridging loans up to 75%.
This gives brokers more flexibility to support clients looking to purchase or refurbish commercial property and access higher funding for a wider range of projects.
The change follows other updates to Shawbrook’s bridging proposition, including higher day-one LTVs for refurbishment up to 90%, reduced monthly pricing, a lower minimum loan size and a streamlined underwriting process.
Daryl Norkett, director of real estate proposition at Shawbrook, said: “We’re committed to continually evolving our proposition in line with the needs of brokers and their clients.
“Increasing our maximum commercial bridging LTV up to 75% gives brokers greater flexibility to support commercial property investors and developers when higher leverage is needed.
“Combined with the recent enhancements we’ve made across our bridging proposition, this latest update reinforces our focus on giving brokers the tools, flexibility and specialist support they need to get more deals over the line.”
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