Shawbrook Bank cuts commercial rates
Shawbrook Bank reduced rates across its commercial investment offering, with rates now starting from 5.19%.
The changes impact the specialist lender’s commercial and semi-commercial variable rate products on loans over £100,000, with the biggest reduction seen to its semi-commercial offering at 65% LTV.
Shawbrook’s commercial investment range caters for loans up to 75% LTV, between £50,000 and £25m and is also suitable for complex commercial investments including serviced offices and property multi-lets on licences.
Gavin Seaholme, head of sales at Shawbrook Bank, said: “The commercial investment sector has been faced with great change and uncertainty over recent months, but we remain fully committed to helping brokers maximise the abundance of opportunity that still exists.
“We’re proud of our commercial investment offering and hope by making our rates more competitive, we send a clear signal of our continued commitment to this market.”