Shawbrook is boosting its support for professional landlords and property investors seeking larger, more complex financing solutions, by increasing its maximum loan size to £35 million and launching a new team.
The new Structured Real Estate team has been established with the aim of providing a personalised, and expert-driven approach for bigger-ticket loans offering flexible solutions, including the ability to take cases to credit approval before valuation, providing valuable certainty early on.
Piragash Sivanesan has been appointed as director and head of structured real estate to lead the new team.
To ensure a smooth and efficient experience, borrowers securing loans exceeding £5 million (buy-to-let and commercial) and £2.5 million (bridging) will benefit from a dedicated relationship manager who will shepherd their deal through the entire process.
These tailored loans come with new rates: five-year fixed rates starting from 5.49% for buy-to-let mortgages, 7.24% for commercial loans and 6.34% for semi-commercial loans (from £5 million to £35 million), and bridging loans from 0.69% per month.
Shawbrook says it has already delivered positive outcomes for customers using this new tailored approach, supporting an experienced landlord to refinance their large 36-property portfolio in Greater London. The £20m buy-to-let refinance package, 10-year term fixed for five years at 57% LTV, included £1m capital raise to fund future investments and complete renovations to existing properties.
Laurence Foux, director at Business Finance 1st Limited, said: “In a world of technological enhancements, it’s nice to see Shawbrook tailoring their approach to cases that require a more hands-on approach. This was a large portfolio refinance and it was great to see the team meeting the client, taking the time to understand their ambitions for the portfolio and providing funding to support them. Investing the time paid dividends.”
Emma Cox (pictured), managing director of real estate at Shawbrook, added: “Finance at the top-end of the market can be a labyrinth, requiring a keen eye and deep understanding to navigate successfully. That’s exactly why we’ve introduced a Structured Real Estate team and offering, as we want things to be straightforward for our brokers and their customers with flexible financing built around specific needs and delivered with a personal touch.
“Our commitment to premium case management means there will always be direct line to our team of experts. We’re delighted to have Piragash on board and his new team, with a wealth of property experience, are perfectly poised to deliver consistent, adaptable funding solutions, fuelling investor growth well into the future.”