Shawbrook Bank has increased the maximum loan size across its second charge offering, with changes impacting the 75% and 85% LTV bands.
The maximum loan size has increased from £100,000 to £150,000 on loans up to 85% LTV.
In addition, the most significant increase has been made on loans up to 75% LTV, with the maximum loan amount rising from £200,000 to £500,000.
Gavin Seaholme (pictured), head of sales at Shawbrook’s property finance division said: “This is just another step in our ongoing product innovation plans for 2021. We are committed to supporting the second charge market and want to give our brokers a wider choice when it comes to assisting clients with larger funding requirements.”