The bank completed over 90 short-term loan cases in this two-month period alone, a significant result considering an average monthly figure is around one-third of this.
The numbers have delighted Sales and Marketing Director for Commercial Mortgages, Karen Bennett, who puts the results down to their range of loans.
“It’s been great to see this response to our range and we’re proud to be able to help our brokers and clients across the country bring reinvigorated and valuable properties to the market at a rapid pace,” she said.
Strong interest from property professionals meant that the most popular performer was Shawbrook’s STL1, a short term loan for the purchase of residential property, which has seen 85 percent growth since October 2013.
As new housing supply remains a challenge in the UK, loans for investing in current property have become even more important, so much so that Shawbrook feel their bumper months are a sign of how innovative short-term loans are an increasingly attractive option for brokers and investors.
This has delivered strong growth for the bank and Karen Bennett hopes they can finish off the year with even better figures.
“As the mercury reached high levels for autumn, Shawbrook’s short-term loans were also hot property; we look forward to November and December rounding off an extraordinary year for us.”
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