Please Note: This Article is 5 years old. This increases the likelihood that some or all of it's content is now outdated.

Shawbrook Bank has announced its annual results for 2013, which show a significant increase in lending to property investors. In total £370m was lent to experienced property professionals. The bank’s controlled growth has resulted in in a pre-tax profit of £16.8 million.

Shawbrook has seen considerable demand from property investors across the country for its wide range of commercial loans, with particularly high take-up in both London and the North East. The bank takes a bespoke approach to underwriting and provides a high-quality service for its property investor clients, considering deals flexibly on a case by case basis. In 2013 Shawbrook Bank welcomed 44,000 new clients, and is now providing lending services to 52,000 customers.

In 2013 Shawbrook Bank’s Commercial Mortgages division continued to extend its offering to property investors. Shawbrook’s range includes short term loans for refurbishment or acquisition, longer term refurbishment loans, and buy-to-let covering both specialist residential and commercial investment loans. This has helped the Commercial Mortgages loan book grow by 170% to £541 million.

Stephen Johnson, MD, Commercial Mortgages at Shawbrook Bank, said:
“2013 was a good year for property investors and our growth demonstrates the strong demand out there from investors looking to expand and improve their portfolios. We are straightforward and use common sense to make lending decisions and this resonates well with our clients. In 2014 we’ll continue to do our utmost to help our property investor clients get the funding they need to maximise the opportunities available to them.”

- Advertisement -

Shawbrook Bank was formed in 2011 by combining the savings and lending expertise of three financial businesses – Whiteaway Laidlaw Bank (WLB), the lending platform of Commercial First, and Link Loans. In March 2012 Shawbrook acquired Singers Asset Finance, renamed Shawbrook Asset Finance, followed by the acquisition of Centric Commercial Finance in May 2014

For business customers, Shawbrook offers commercial property finance, asset finance and savings products. The acquisition of Centric Commercial Finance now enables Shawbrook to offer invoice discounting and asset-based lending transactions for major business events such as MBOs, MBIs, mergers and acquisitions

For personal customers, Shawbrook offers a range of competitive savings products, secured loans, and unsecured loans through its retail partners

Shawbrook also offers a savings account for charities and trusts

Visit www.shawbrook.co.uk and follow us on Twitter @ShawbrookBank

Please Note: This Article is 5 years old. This increases the likelihood that some or all of it's content is now outdated.

LEAVE A REPLY

Please enter your comment!
Please enter your name here