Shawbrook Bank is increasing its maximum loan cap to a whopping £35 million, and also introducing a specialised squad: the Structured Real Estate team. This move aims to transform the way their large-scale financing is approached, offering a blend of personalised service and expert advice tailored to meet the needs of those handling hefty transactions.
The new Structured Real Estate team is Shawbrook’s answer to the complex and varied demands of financing large-scale property investments. Recognising that one size doesn’t fit all, especially when it comes to significant sums of money, the team’s mission is to provide a bespoke financing experience. By offering flexible solutions that include the possibility of credit approval before property valuation, Shawbrook is all about giving its clients a head start with the assurance they need to make big moves confidently. Leading this team is Piragash Sivanesan.
Tailored Loans, Tailored Experience
Recognising the unique challenges and needs of securing large loans, Shawbrook introduces a new tier of service. For loans exceeding £5 million in the areas of buy-to-let and commercial ventures, and £2.5 million for bridging loans, borrowers will now enjoy the undivided attention of a dedicated relationship manager. This move ensures a seamless and personalised journey from application to approval, tailored to fit the ambitious projects of professional landlords and investors.
Borrowers can look forward to five-year fixed rates starting from 5.49% for buy-to-let mortgages, 7.24% for commercial loans, and 6.34% for semi-commercial loans, with the loan sizes ranging from £5 million to £35 million. Bridging loans start from 0.69% per month, further highlighting Shawbrook’s commitment to providing viable and attractive options for large-scale financing.
Proven Success and Future Ambitions
The effectiveness of Shawbrook’s tailored approach has already been demonstrated through its successful support of an experienced landlord looking to refinance a 36-property portfolio in Greater London. This £20 million refinancing deal, with a 10-year term and fixed for five years at 57% LTV, not only provided the landlord with a substantial capital raise of £1 million for future investments and renovations but also showcased the power of personalised, expert-driven service.
Emma Cox, Shawbrook’s Managing Director of Real Estate, said, “Finance at the top-end of the market can be a labyrinth, requiring a keen eye and deep understanding to navigate successfully. That’s exactly why we’ve introduced a Structured Real Estate team and offering, as we want things to be straightforward for our brokers and their customers with flexible financing built around specific needs and delivered with a personal touch. Our commitment to premium case management means there will always be direct line to our team of experts. We’re delighted to have Piragash on board and his new team, with a wealth of property experience, are perfectly poised to deliver consistent, adaptable funding solutions, fuelling investor growth well into the future.”