The new 1.70% fee is made up of 1.45% added to the loan outside the LTV.
Karen Bennett, sales and marketing director, commercial mortgages, Shawbrook Bank said: “We believe this arrangement fee reduction will deliver value for those of our broker’s clients who are looking to buy a property to refurbish and hold.
“We’re pleased to be able to bring these changes to the market so early in 2015, but it is only the first in a series of enhancements planned for the year, which we are confident will keep Shawbrook at the forefront of the specialist lending market.”
