Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Shawbrook Raises Maximum LTV on Commercial Bridging Loans
Shawbrook has increased the maximum loan-to-value (LTV) available on eligible commercial bridging loans to 75%. The lender states that this move is intended to give brokers greater flexibility in supporting clients who are purchasing or refurbishing commercial property.
This change is part of a series of recent updates to Shawbrook’s bridging proposition. According to the report, these updates have included higher day-one LTVs for refurbishment projects (up to 90%), reduced monthly pricing, a lower minimum loan size, and a streamlined underwriting process. The aim is to make it easier for brokers to place specialist cases.
For UK letting agents and inventory clerks, these changes may be relevant when working with clients involved in commercial property transactions or refurbishments, as increased LTVs can affect financing options and project feasibility.
Source: Mortgage Strategy