The lender’s commitment is designed to show investors with property portfolios that it is looking at the market with a long-term perspective, despite the uncertain nature of the housing market at the moment.
Shawbrook is giving commercial investors an indication of its appetite for future lending – in a bid to encourage clients to return to the lender for more projects.
The lender’s commitment is designed to show investors with property portfolios that it is looking at the market with a long-term perspective, despite the uncertain nature of the housing market at the moment.
Shawbrook is implementing a ‘loan exposure ceiling’ to repeat borrowers, which is reviewed over time, though the appetite demonstrated is an indication rather than a commitment.
Ray Boulger, senior technical manager at John Charcol, said: “This is broadly quite positive.
“For existing Shawbrook borrowers where they already have some knowledge of that customer and can see how loans perform they will look perhaps more favourably than in the past on extending new facilities.
“While it’s not a firm commitment, it’s a way of giving the customer an overview of whether they can borrow more and how much.”
Emma Cox (pictured), sales director, Shawbrook Commercial Mortgages, said: “This has been something we have been working on for some time and feels like a logical evolution of the way in which we view repeat customers.
“We have confidence in the way these customers do business, confidence in our broker partners and their expertise, and ultimate belief in our teams to support property professionals in this way.”
