Short Term lending from 0.59% per month!

by Property 118

11:30 AM, 18th September 2015
About 3 years ago

Short Term lending from 0.59% per month!

Make Text Bigger
Short Term lending from 0.59% per month!

shawbrookClose 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.

Available on:

  • Residential property, multi units and HMOs up to 75% LTV
  • Commercial Property up to 65% LTV
  • Semi commercial/Mixed Use up to 70%

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

Contact Property118 for assistance

  • Please give us a few details so we can investigate and call you back


Comments

Howard Reuben CeMap CeRER

16:19 PM, 18th September 2015
About 3 years ago

75%LTV is a hugely positive move by Shawbrook. This enables even more streamlined bridge- to - let strategies too.


Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

OR

BECOME A MEMBER

Want to avoid empty properties over Christmas?

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More