Shawbrook celebrates 3rd birthday with £1bn milestone

Shawbrook celebrates 3rd birthday with £1bn milestone




Shawbrook Bank's Commercial Mortgages division has today passed £1 billion in lending to SMEs and professional property investors.

 Shawbrook Bank’s Commercial Mortgages division has today passed £1 billion in lending to SMEs and professional property investors. 


This milestone comes as the Bank reaches its third birthday this month. 

Shawbrook’s Commercial Mortgages business loan book grew from £356 million in June 2013 to £716 million of this year. 

In total, the bank recorded lending of almost £2 billion at the end of June 2014, from last year’s £1.03 billion. 

Stephen Johnson, Managing Director of Shawbrook Bank Commercial Mortgages, said: “I’m delighted that we’ve achieved this milestone after only three years and it is testament to the competitiveness of the product range, the efficiency of our processing and systems, the personal service offered by the team and the hard work of Shawbrook’s network of broker partners. Partnership has always been at the heart of our approach and we’re gratified to see how well received our specialist lending model has been among property investors and SMEs.

 “It’s particularly wonderful that we are able to announce this achievement as we reach our third birthday, and we’re looking forward to working with more small businesses and investors across the country in the coming year as we continue to build the business.”

The Commercial Mortgages team offers a range of property finance, 84 per cent of which goes to property investors and 16 per cent to trading businesses. 

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