Shawbrook has boosted its commercial bridging offering, giving brokers more room to support higher-leverage deals
Shawbrook has raised the maximum loan-to-value it will offer on eligible commercial bridging loans, lifting the ceiling to 75% in a move designed to give brokers more room to manoeuvre on higher-leverage deals.
The change is aimed squarely at brokers working with clients who are buying or refurbishing commercial property, giving them access to a larger pool of funding across a broader spread of deal types.
Part of a wider push on bridging
The higher LTV builds on a set of changes Shawbrook made to its bridging range last month, which included raising day-one LTV on refurbishment lending to as much as 90%, trimming monthly pricing, cutting the minimum loan size, and simplifying the underwriting process.
Taken together, the two rounds of changes point to a lender actively repositioning its bridging proposition to compete more aggressively on flexibility and speed, rather than solely on rate.
Norkett: enhancement reflects broker and client needs
Daryl Norkett (pictured top), Shawbrook's director of real estate proposition, 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."
What this means for brokers
For brokers, the practical effect is more headroom on deals that would previously have been capped at a lower LTV, potentially opening up cases involving higher-value commercial purchases or refurbishment projects where clients have less deposit or equity to put down.
Combined with the recent refurbishment and pricing changes, it suggests Shawbrook is trying to widen the pool of commercial bridging cases it can support, rather than just sharpening pricing on its existing book.
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