11:30 AM, 18th September 2015, About 6 years ago 1
Close analysis of Shawbrook’s Short Term lending performance over the last 18 months has allowed them to make pricing reductions, LTV increases and add a new product for heavy refurbishment on commercial security.
Short Term Loans offer a facility to borrow for up to 18 months with an option to switch to a longer term facility.
Just like a bridging loan cost are expressed as a percentage of the amount borrowed per month from 0.59% with a 1.95% arrangement fee for a maximum of 50% LTV up to 0.89% per month for a maximum of 75% LTV.
These loans can be used for the following purposes:
-To purchase either residential or commercial property quickly
-Raising finance for the acquisition of another property (supporting evidence or proven track record critical)
-Replacing existing finance pending sale – please note any capital raising will require a detailed explanation of its purpose and supporting evidence.
-To purchase or refinance either residential or mixed use property quickly with the intention of completing a refurbishment on that property.
If you would like our assistance on any type of property finance please let us know by completing the form below and we will get back to you asap
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