In This Article
Who are Shawbrook Bank?
Shawbrook Bank is a British banking company. Founded in 2011, it is one of the leading innovative challenger banks in the UK.
Its lending products are designed to help individuals, firms and businesses to grow, invest and manage their funds or savings.
It is headquartered in London, United Kingdom.
Shawbrook Bank aims to understand that every customer is different. They offer a personal approach built around long-lasting relationships and professional service.
A purpose drives them to solve complex problems and unlock opportunities for its rapidly growing customer base.
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What finance does Shawbrook Bank specialise in?
Shawbrook provides funding solutions for professional investors and developers across various markets, including Buy-to-Let, Bridging loans, Commercial Investment, Development Finance, and Second Charge Mortgages.
They can help first time landlords or professional portfolio investors and focus on the knowledge and experience to support you through every step of your journey.
They aim to help with multi-unit-block mortgages, licensed and non-licensed HMO properties, refurbishment finance and bridging finance.
Are Shawbrook Bank mortgages competitive?
If you don’t fit the criteria of the mainstream banks, Shawbrook Bank could be an option for you.
However, their rates are generally higher than the average. It’s important to compare interest rates, fees and the quality of the lender’s service before deciding.
A low credit score may also impact the interest rate you’re offered. The lender charges some fees (e.g. application and origination fees).
Be sure to review the loan’s terms and conditions carefully before deciding. Keep in mind that Shawbrook Bank only offers its products via mortgage intermediaries.
Can I remortgage with Shawbrook Bank?
As a Shawbrook Bank customer, you will need to speak to the bank directly about your mortgage options regarding a product switch or product transfer. While Shawbrook Bank offers mortgages to underserved customers at competitive rates, you may be able to find a more competitive rate by remortgaging to another lender.
An independent mortgage advisor can help you assess all of the options available in the market and find the best option for you.
How long does it take to get an offer with Shawbrook Bank?
Shawbrook Bank’s average time from application to offer differs depending on the product required. Generally, their buy to let and residential mortgages are around four weeks; however, this duration may be extended for more complicated deals.
Shawbrook Bank has declined me due to criteria; what do I do now?
If you’ve been declined a mortgage from Shawbrook Bank, a mortgage advisor could help you find a lender willing to give you a mortgage.
Although Shawbrook Bank aims to offer a relaxed approach to those that do not have a perfect credit report, other lenders could still help you.
A Shawbrook Bank mortgage advisor may be able to help you find another lender, regardless of your financial situation. If you want more details about your credit history, you can go to Check My File to sign up for a free trial.
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Conclusion
Shawbrook Bank is one of the leading innovative challenger banks in the UK. They aim to help individuals, firms, and businesses grow.
Shawbrook Bank offers a personal approach built around long-lasting relationships and professional service. A purpose that drives them to solve complex cases and unlock opportunities for the rapidly growing customer base.
Shawbrook provides loans for professional investors and developers across various markets, including Buy-to-Let, Bridging loans, Commercial Investment, Development Finance, and Second Charge Mortgages.
If you don’t fit the criteria of the mainstream banks, Shawbrook Bank could be an option for you.
Shawbrook Bank only offers its mortgages via mortgage advisors. Therefore, you will be unable to get a mortgage direct.
If you’ve been declined a mortgage from Shawbrook Bank, a mortgage advisor could still help you.
If you would like to speak to a mortgage broker, please complete the contact box below, and I NEED ADVICE will match you with a mortgage advisor who can review the whole market and recommend the right mortgage for you.
They are experienced, which can boost your chances of being approved.
