Tag: Shawbrook Bank
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Nationwide Ups Personal Loan Cap to £50K in Response to Rising Building Costs
Nationwide Building Society has announced that it is doubling the maximum personal loan amount from £25,000 to £50,000. This decision comes as a direct response to the escalating costs associated with building and home improvement projects. Nationwide has observed that the financial requirements for home improvements have surged beyond the previous loan cap of £25,000.…
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First-Time Buyer Market Sees Surprising Rise in 2024
Recent data reveals that first-time buyers are not just surviving; they’re thriving, having snapped up a record one-third of all homes sold in the UK so far this year. This unexpected rise raises a crucial question: are the tightening regulations on buy-to-let landlords indirectly blessing first-time buyers with more opportunities to secure homes? Traditionally seen…
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BTL Mortgage Market Sees Changes
Lenders have introduced a range of rate reductions and new product options this week. Here’s a summary for landlords and property investors of the changes that can impact the cost and availability of financing for rental properties. Major Rate Cuts from Shawbrook Shawbrook Bank has adjusted the interest rates across its range of BTL mortgage…
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Buy-to-Let Investors Turn to Multi-Tenant Properties for Greater Returns
Houses in Multiple Occupation (HMOs) have become more popular in the buy-to-let market, and for good reason. A significant shift has been observed as more landlords choose to diversify their investment portfolios by venturing into HMOs, which involve renting out individual rooms in a property to multiple tenants. Data from Shawbrook, a specialist lender, highlights…
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Shawbrook Unveils New Expert Team to Support Larger Loans
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.…
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Shawbrook Reducing BTL Rates
Shawbrook Bank has just rolled out a series of significant rate reductions. This change affects a broad spectrum of their financial products, catering to various aspects of property investment. Here’s how these changes break down: Buy-to-Let Gets More Attractive Commercial Properties Also Benefit Bridging Loans – Short-Term Financing Made Cheaper Empowering Professional Investors Daryl Norkett,…
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Are City Flats Becoming a Top Investment Choice for Landlords?
Recent research from Shawbrook Bank shows on a fascinating trend: landlords are showing a growing preference for city flats. This shift aligns with the changing patterns of living post-pandemic. As offices reopen and people move back to cities, the demand for urban flats is on the rise. Key Findings: This trend is a clear indication…
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Shawbrook’s New Loans for Property Investors
Shawbrook has recently unveiled a series of changes to its product lineup, aiming to provide professional property investors with more options and the ability to access larger loans in 2024. Among the new introductions are limited edition buy-to-let (BTL) products. These include: These products cater to loans starting at £150,000. An interesting aspect of these…
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Portfolio Landlords Continue to Invest
In the face of market uncertainties, a striking 88% of portfolio landlords in the UK (those managing over five buy-to-let properties) have recently expanded their holdings. This surge in activity has occurred within the past six months, showcasing a robust confidence in the property market despite challenges. Shawbrook’s research, encompassing 1,000 residential landlords, reveals that…
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Work From Home is Still a Big Factor for Property Developers
Even as we move further away from the height of the Covid-19 pandemic, its influence remains. According to recent research by Shawbrook, a significant portion of the working population – 44% to be precise – have now embraced home or hybrid working in 2023. While this might evoke images of a massive exodus to the…