Shawbrook has strengthened its bridging proposition by increasing the maximum loan-to-value (LTV) available on eligible commercial bridging loans up to 75%.
The move follows a series of updates to Shawbrook’s bridging range, including higher day-one LTVs of up to 90% for refurbishment projects, reduced monthly pricing, a lower minimum loan size and changes to the underwriting process to make it easier for brokers to place specialist cases.
Daryl Norkett (pictured), director of real estate proposition at Shawbrook, said: “We’re committed to continually evolving our proposition in line with the needs of brokers and their clients.
“Increasing our maximum commercial bridging LTV up to 75% gives brokers greater flexibility to support commercial property investors and developers when higher leverage is needed.
“Combined with the recent enhancements we’ve made across our bridging proposition, this latest update reinforces our focus on giving brokers the tools, flexibility and specialist support they need to get more deals over the line.”
