Shawbrook provides bridging loan for urgent auction purchase

Wed 28 Oct 2020

Shawbrook Bank has provided a bridge for a customer in need of a short-term loan to complete an urgent auction purchase.   The bank provided a £155,000, 12-month interest-only bridging loan on a 75% LTV. Shawbrook was approached by one of its strategic partners, NM Finance, two weeks before the auction purchase was due to complete. […]