Shawbrook Bank boosts its support to property investors with new products

04 March 2014

Shawbrook Bank has announced it is launching two new products to help property professionals make the most of their portfolios. The products are designed for those who want to maximise their portfolios through conversion to HMO or expand into commercial assets.

The new CI3 product is intended for clients who are looking to raise finance against a mixed portfolio that is mainly residential in nature (minimum 70% based on property value) but also has commercial or semi-commercial assets. Previously clients would split their portfolio into two or more transactions and these changes mean they no longer have to.

RR2 is an HMO refurbishment product ideal for experienced property professionals who want to do ‘light refurbishment’ to a property that is currently an HMO or one that it being converted to an HMO to increase the property value. This product will allow them to purchase or refinance the property, complete the works and release the additional capital value without further arrangement fees.

Karen Bennett, Director of Sales and Marketing, Commercial Mortgages, Shawbrook Bank said:

“As the commercial property market improves, and with the current buoyancy in the buy-to-let market, there is great potential for property investors to improve and grow their portfolios. We’re always looking for ways to help our brokers support their property professional clients, and these two products will help seasoned investors diversify their portfolios or maximise the rental yield and capital value on their property through refurbishment.”

For further information please visit www.shawbrook.co.uk

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For further press information and interviews with Shawbrook spokespeople please contact:

• Molly Stein Davies on 020 7812 0606 / Molly@standagency.com

Notes to editors:

About Shawbrook Bank:

• Shawbrook Bank is a specialist savings and lending bank which launched in October 2011
• Shawbrook Bank has combined the savings and lending expertise of three financial businesses – Whiteaway Laidlaw Bank (WLB), Link Loans and the lending platform of Commercial First. Link Loans and the lending platform of Commercial First became part of WLB in August 2011 and March 2011 respectively
• Shawbrook acquired Singers Asset Finance in March 2012 to extend its lending offer to SMEs
• For business customers, Shawbrook offers loans secured on property, asset finance and savings products
• For personal customers, Shawbrook offers savings products, secured loans and home improvement loans
• Shawbrook also offers a savings account for charities and trusts
• Visit www.shawbrook.co.uk and find us on Twitter @ShawbrookBank

Molly Stein Davies

Find: Stand Agency, 175-185 Gray's Inn Road, London WC1X 8UE
Call: +44 (0)207 812 0606
Email: molly@standagency.com
Follow: @standsays