Page 89 - The Index
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Specialism/USP Specialist commercial mortgage lender – short-term loans, refurb, specialist commercial BTL
Charges 1st (required), 2nd accepted on residential
FCA Regulated Yes
Interest Range 0.55-0.85% pcm (short-term), 2.99-5.19% above LIBOR (term)
Base Rate LIBOR – Shawbrook has a 0.75% floor
Security Types Most residential, commercial, semi-commercial
Unacceptable Security Types Specialised property where market is limited
Treatment of Interest – rolled, Retained and/or serviced retained, serviced
Max LTV 75%
Max Loan to GDV 75% LTV on our resi refurb products
Max Loan to Cost N/A
Min/Max Loan Term Short-term 0-24 months, term 3-30 years
Min/Max Loan Size £50k-£15m
Geographical Lending Area England, Wales and Scotland
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate Short-term 1.5%, term 1%
Associations NACFB
Early Redemption Charges Short-term – no, term – variable
Investment Yes
Owner-occupied Yes
Interest-only Options Yes, up to 10 years, up to 30 years simple residential “RI0” range
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