Commercial Trading is here!
Representing an exciting enhancement to our Commercial Mortgages offering, the new Shawbrook Commercial Trading product supports small businesses looking to refinance or purchase the premises they trade from – or raise funds for business expansion – with straight-forward commercial mortgages available on interest-only, up to £1.25m.
Keeping things simple and specialist
Our ambition is to make Commercial Mortgages simple. We’ve specifically designed our criteria to help ensure the business can afford repayments, and give us confidence in the underlying demand for the property constituting our security. You and your client will benefit from consistent decisions, fewer documentation requirements, ultimately resulting in a faster and more seamless journey to completion (including a non-represented legal process and the use of title insurance for eligible cases).
For applications that also include rented units, we’re happy to accept the rental income within our affordability calculation – combining trading mortgages with our investment experience to offer your client a larger loan amount.
Our new research* shows that 46% of SME businesses are currently using commercial mortgages, with 1 in 5 planning to use this type of finance in the future, so we’re pleased to be adding more options to this market as commercial PROperty specialists.
Please read on for more product details and how to submit Commercial Trading applications.
Product Information
- Rates from 6.59%
- Loans from £150k – £1.25m
- 2% arrangement fee
- Variable rates and 2, 3 & 5 year fixed rates available
- 75% Max LTV
- Interest only options
- Broker Partner commission 1.50%
Full details on rates are available in the product guide, and criteria in our Commercial Property lending criteria guide.
The latest guides are available below for you to download.
Product Guide Lending Criteria
Commercial Trading is now on Broker Hub
We have a new application journey on Broker Hub for you to easily and quickly submit Commercial Trading cases to us.
New Features
Our team has been working hard to improve the overall Broker Hub application journey experience, so new Commercial Trading cases benefit from:
- Non-sequential navigation allows you to move freely between sections, revisit previous questions, and make changes without being forced to go through the entire form sequentially. This flexibility can save time, especially for complex cases.
- New Autosave functionality eliminates the need for you to repeatedly click ‘Save’, streamlining your workflow as you are less likely to lose work.
- New look Product Selection page where you can update the loan details, review property details, and view all eligible products for the application. You will also have the added benefit of being able to filter by variable/fixed rates as well as the fixed rate duration.
Broker Hub