It increases loan cap and forms expert-led structured real estate team
Specialist lending bank Shawbrook is expanding its support for professional landlords and property investors by increasing its maximum loan size to £35 million and introducing a specialised team aimed at facilitating larger, more complex cases.
Piragash Sivanesan has been appointed as the director and head of the newly established structured real estate team, which offers a more personalised and expert-driven service for substantial loan applications, enabling early credit approval before property valuation for added certainty.
Shawbrook said its goal is to solidify its role as a key partner for investors looking to grow their portfolios or tackle intricate financial needs.
The bank is implementing a system where borrowers seeking loans over £5 million for buy-to-let and commercial purposes, and over £2.5 million for bridging loans, will have a dedicated relationship manager to guide them through the process.
This move is part of the lender’s commitment to provide and customised financial products, including five-year fixed rates starting from 5.49% for buy-to-let mortgages, 7.24% for commercial loans, and 6.34% for semi-commercial loans, in addition to bridging loans starting at 0.69% per month.
“Finance at the top-end of the market can be a labyrinth, requiring a keen eye and deep understanding to navigate successfully,” said Emma Cox (pictured), managing director of real estate at Shawbrook. “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. We’re delighted to have Piragash on board and his new team, with a wealth of property experience, are perfectly poised to deliver consistent, adaptable funding solutions, fuelling investor growth well into the future.”
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