Shawbrook has unveiled a new lower limit loan size of £150,000 for its commercial and semi-commercial products.
The bank can now support loans from £150,000 to £250,000. Rates begin at 7.79% for commercial and 7.14% for semi-commercial loans below £250,000 and from 6.79% across the wider range up to £25m.
Daryl Norkett (pictured), director of real estate proposition at Shawbrook, said: “Our decision to reduce the minimum loan size for our commercial and semi-commercial products reflects our commitment to supporting the success of professional property investors.
“We recognise that landlords are increasingly looking to diversify into commercial property investment. Our research shows residential landlords are looking to add commercial properties to their portfolios and 37% cite diversification as the main reason.
“By providing increased flexibility and competitive rates, we can empower our customers to achieve their property ambitions.”