Shawbrook has expanded its commercial mortgage offering with the launch of a new Commercial Trading product designed to help small businesses buy or refinance their trading premises, or raise funds to support business growth.
The product supports loans from £150,000 to £1.25m and offers flexible options, including interest-only terms of up to 12 years and full or part-capital repayment terms of up to 25 years. Rates start from 6.59%, with variable and fixed rate options over 2, 3 or 5 years. The maximum loan-to-value is 75%.
Daryl Norkett, director of real estate proposition at Shawbrook, said: “Commercial trading is part of Shawbrook’s DNA, so it made perfect sense to introduce a specialist mortgage product tailored to this growing need. We’ve designed it with simplicity – helping clients secure the finance they need quickly and efficiently for their business premises. Brokers will also benefit from our enhanced application journey, creating a smoother, more cohesive experience for both them and their clients.”
The lender’s existing completions processes will apply, including non-represented legals for refinance cases and the use of title insurance where eligible.
