Shawbrook has increased the maximum loan size across their prime second charge mortgage proposition, with changes impacting the 75% and 85% LTV bands.
The maximum loan size has increased from £100,000 to £150,000 on loans up to 85% LTV, whilst the more significant increase has been made on loans up to 75% LTV, with the maximum loan amount rising from £200,000 to £500,000.
Gavin Seaholme, head of sales at Shawbrook’s Property Finance division, said: “This is just another step in our ongoing product innovation plans for 2021.
“We are committed to supporting the second charge market and want to give our brokers a wider choice when it comes to assisting clients with larger funding requirements.”
Justin Malonson is the Founder of LyfeLoop a 16+ year tech innovator, investigative media researcher and host of the Freedom Not Control Podcast live on Voice America. Justin is a highly sought-after tech entrepreneur, industry speaker and winner of the coveted Business Achievement Awards “Top Digital Marketer” award. With 16+ years of demanding experience, Justin has worked with over 3,000 businesses including amazing clients such as Blue Cross Blue Shield Association, Sotheby’s International Realty, Duke University, White House Black Market,Tiffin Motorhomes, Bass Pro Shops and Beazer Homes USA.