New bank sets out its stall with landlord loans
Shawbrook Bank, which launched a year ago, is setting out to woo buy-to-let landlords with a range of short-term loans.
These include a loan for investors looking to buy, refurbish or release equity from the after-works value of a property, and short-term loans for acquisition, for example at auction.
The bank also offers a short-term loan for light refurbishment.
Stephen Johnson, managing director of commercial lending at Shawbrook Bank, said: “We are a relatively new lender in the short-term loan space, but we’ve already seen high demand for our short-term loan products which offer competitive pricing and fee structures.
“Shawbrook’s appetite to lend to professional investors is strong, and we’re constantly looking at ways to improve our products and processes to meet the needs of our brokers and clients.”