Shawbrook improves commercial mortgage range

Shawbrook improves commercial mortgage range




Shawbrook Bank's Commercial Mortgages division has announced a reduction in arrangement fees across all its term products, from 1.7 per cent to 1.50 per cent….

Shawbrook Bank’s Commercial Mortgages division has announced a reduction in arrangement fees across all its term products, from 1.7 per cent to 1.50 per cent.
 
This means that a loan of £350,000, this reduction will allow clients to make a saving of £700.  
 
Shawbrook’s arrangement fee (after deducting the commitment fee paid at the point of mortgage offer) is added to each loan. This fee is added outside of the published product LTV limits.
 
Karen Bennett, Sales and Marketing Director, Commercial Mortgages, Shawbrook Bank, commented: “The reduction of our arrangement fees, alongside the additional clarity we are providing across our product range, is part of our ongoing dedication to improve our product line for our broker partners and their clients.

“Our unwavering commitment to the broker market remains and we pride ourselves on our pragmatic approach to lending to ensure good customer outcomes, as this reduction demonstrates.”

The reduction is available on all new Shawbrook applications with immediate effect, and is also applicable to any existing cases where a formal mortgage offer has not been made.

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