Specialist bank Shawbrook is increasing its maximum loan size for professional landlords to £35mn.
It is part of its enhanced support for professional landlords and property investors seeking larger, more complex financing solutions.
It is also launching a new team to provide a premium case management service.
The new structured real estate team will provide, according to Shawbrook, a personalised approach for bigger-ticket loans.
This will include the ability to take cases to credit approval before valuation, providing valuable certainty early on.
The firm's managing director of real estate, Emma Cox, 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 a direct line to our team of experts.”
Piragash Sivanesan has been appointed as director and head of structured real estate to lead the new team.
Shawbrook said to ensure a smooth experience, borrowers securing loans exceeding £5mn for buy-to-let and commercial and £2.5mn for bridging will benefit from a dedicated relationship manager who will shepherd their deal through the process.
These tailored loans come with “competitive” rates; 5-year fixed rates starting from 5.49 per cent for buy-to-let mortgages, 7.24 per cent for commercial loans and 6.34 per cent for semi-commercial loans, and bridging loans from 0.69 per cent per month.
tom.dunstan@ft.com
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