The bank has had an impressive start since it launched in 2011, launching a swathe of innovative products and services and quickly gaining traction with brokers.
A spokeswoman for the bank says: “We have seen a dramatic increase in the number of secured loans that we write compared to last year and we see no let up.
“As a highly capitalised lender we are geared for growth throughout 2013 and beyond with substantial liquidity to fund future clients.
“Our plans are both innovative and will help to grow the market we believe in. We have already exceeded our own expectations on the volumes of business written, resulting in a strong client base of prime borrowers.”
2012 saw a boost in confidence in the secured loan market as consumers realised the potential of a secured loan as a real alternative to remortgaging and an opportunity to restructure their finances. Couple this increase in demand with a strong broker presence and the emergence of new lenders to the market, 2013 looks set to be a strong year indeed.
David Johnson, managing director, secured lending, Shawbrook Bank, added: “We are proud to maintain our position as market leader, which we have held since October 2011 but we never rest on our laurels.
“We are committed to driving the secured loan market forward by continuing to create products that our valued brokers are asking for. Our most recent launch of the 95% LTV product is an example of this and we look forward to sharing more exciting product news in the very the near future.”
Matt Tristram, joint managing director of master broker The Loans Warehouse, said: “Shawbrook is a first class lender and has made a huge impact on the scene.”
