Shawbrook Bank is a savings and lending provider that was established in 2011 as an online and over the phone provider as they don’t have any branches. They provide a range of personal and business products as well as services for intermediaries. Their business product range includes savings, mortgages, property finance, asset finance and structured finance.
Shawbrook Bank Commercial Mortgage Options
Shawbrook Bank offers a range of commercial and property finance products which include:
Buy to Let Mortgages
- Loans from £40,000 up to £25 million
- Rates from 3.69%
- Up to 75% LTV
- Variable and fixed rates
- Minimum property value of £75,000
- Suitable for complex cases or property types including HMOs
- Available for a large number of residential property types
- Allows multiple properties on a single account
- Suitable for first-time landlords
Commercial Investment Mortgage
- Loans from £50,000 up to £25 million
- Rates from 4.79%
- Up to 75% LTV
- Terms of 3 to 25 years
- Choice of interest-only, part repayment or full repayment
- Available for a wide range of commercial property types including semi-commercial and mixed-use, retail units, modern industrial units and complex commercial investments
- Allows multiple properties on a single account
- Consider all types of investors including individuals, limited liability partnerships, limited companies, ex-pats and trusts
Development Finance
- Loans from £2.5 million to £25 million
- Single property value allowance of £150,000 to £1.5 million
- Maximum loan of 80% of total costs or 65% of GDV
- Suitable for new build developments and refurbishment projects
Bridging Finance
- Loans from £50,000 to £15 million
- Rates from 0.50% per month
- Maximum LTV of 85%
- Terms up to 24 months
- Fixed rates and fees
- No early repayment charges
- Most property types funded including complex residential or commercial
Shawbrook Bank Commercial Mortgage Eligibility
There isn’t much information available about the eligibility criteria for the products except that they accept a wide range of property types including complex ones and that they consider all types of investors including first-time landlords for buy to let mortgages and no experience is needed for light refurbishments works on bridging finance.
Shawbrook Bank Commercial Mortgage Rates
Buy to let mortgages rates from 3.69%.
Commercial investment mortgage rates from 4.79%.
Bridging finance rates from 0.50% per month.
No rates are available for development finance.
Arrangement fees and other costs may apply to all loan products.
Shawbrook Bank Commercial Mortgage Calculator
Shawbrook Bank doesn’t have a commercial mortgage or property finance calculator.
Shawbrook Bank Commercial Mortgage Reviews
There is a range of reviews for Shawbrook Bank on the leading customer review sites which are largely positive. Trustpilot has the highest number of customer reviews and 79% of reviewers rated them as excellent. Positive review comments included efficient and hassle-free service, friendly and helpful staff, fast and easy to apply, effective communication and good customer service.
Reviews.co.uk reviews also have a high score but are only based on 4 reviews, and Smart Money People reviews are rated the highest of the review sites. Both of these review sites also had similar feedback to Trustpilot.
Trustpilot – 4.6/5 (based on 2,725 reviews)
Google Reviews – no reviews
Reviews.co.uk – 4.0/5 (based on 4 reviews)
Review Centre – no reviews
Smart Money People – 4.89/5 (based on 680 reviews)
How To Apply For A Shawbrook Bank Commercial Mortgage?
If you want to enquire about property finance from Shawbrook Bank you can complete their enquiry form on their website and they will get in touch with you.
Pros
- Offers a broad range of property finance
- Caters for a variety of property types and investors
- Customer reviews are highly positive
Cons
- Eligibility criteria is not clear
- Arrangement fees and other costs are not transparent
Website: Shawbrook Bank Commercial Mortgage