The changes come into effect immediately and include an increase in commission on larger loans, as well as allowing those with Strategic Partner status in one product area to become Strategic Partners across all areas – giving them enhanced commissions across the board.
These improvements will be applied to all new deals as well as to cases currently in the pipeline.
Karen Bennett, sales and marketing director, commercial mortgages, Shawbrook Bank, said: “The Strategic Partner programme has gone from strength to strength over the last year, and we now have over 30 brokers supported by this initiative.
“We’re delighted to announce improvements to the programme which recognise the hard work of these brokers, as well as the financial benefits of the high quality of work they bring to us.
“As a bank we have ambitious plans to grow and the strength of our relationship with broker partners is fundamental to this.”
