It can now support loans from £150,000 to £250,000
Specialist lending bank Shawbrook has made changes to its property lending options, introducing a new lower limit loan size of £150,000 for its commercial and semi-commercial mortgage products.
The move is part of Shawbrook’s strategy to strengthen its position in the commercial property sector, offering support for loan amounts ranging from £150,000 to £250,000.
The bank has set interest rates from 7.79% for commercial and from 7.14% for semi-commercial loans under £250,000. For larger loans, rates start from 6.79%, applicable across its product range up to £25 million.
These changes, the lender said, aim to meet the needs of both established commercial property investors and buy-to-let landlords looking to explore more profitable investment opportunities.
“Our decision to reduce the minimum loan size for our commercial and semi-commercial products reflects our commitment to supporting the success of professional property investors,” stated Daryl Norkett (pictured), director of real estate proposition at Shawbrook. “We recognise that landlords are increasingly looking to diversify into commercial property investment.
“Our research shows residential landlords are looking to add commercial properties to their portfolios and 37% cite diversification as the main reason. By providing increased flexibility and competitive rates, we can empower our customers to achieve their property ambitions.”
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