Property investors benefit from Shawbrook Bank lending boost

Less than three years after its launch, specialist lender Shawbrook Bank has exceeded £1bn in lending.

Shawbrook launched in January 2011 with a commitment to making it easier and more straightforward for businesses and individuals to borrow and save.

It’s now lent more than £1bn, including more than £376 million to property professionals.

Since launch the bank’s commercial mortgages division has grown significantly. It says it helps property investors take advantage of opportunities in the market with flexible products and fast, human decision making. Products on offer include short-term loans for refurbishment or acquisition; a term residential refurbishment product; BTL covering both specialist and mainstream deals; and commercial investment loans. 

The bank’s human approach to underwriting means it can lend on a range of property types including single dwellings, flats, HMOs, student lets and multi-units, as well as mixed use and commercial properties.

Stephen Johnson, managing director of commercial mortgages at Shawbrook Bank, said: “We know how difficult it has been for many property investors to secure finance from their banks in recent years, despite being in a strong position to borrow. Our rapid growth in the market shows there is real demand for a straightforward, no-nonsense lender that really understands the needs of property investors. As we grow, we will continue to do everything we can to help our property investor clients seize the opportunities that come their way.”