About Shawbrook Bank
Shawbrook Bank Limited is a retail and commercial bank, with headquarters in Brentwood, Essex which lends to more than 60,000 SMEs and consumers in the UK. The bank launched in 2011 after private investors led by RBS Equity Finance, which later became Pollen Street Capital, bought Whiteaway Laidlaw Bank from the Manchester Building Society. They rebranded as Shawbrook Bank in October 2011.
Shawbrook forms part of Shawbrook Group plc which was listed on the London Stock Exchange between April 2015 and July 2017, before a consortium led by BC Partners and Pollen Street Capital acquired the business for £868 million. The bank offers loans to small and medium-sized businesses who struggle to obtain finance from the main commercial banks.
The company is chaired by former Barclays Mercantile chief executive, John Callender, who also currently serves as Chairman of ANZ Bank (Europe) Limited and is Senior Independent Director of FCE Bank plc. The current CEO is Steve Pateman.
Shawbrook describes itself as an innovative business, ‘refining and introducing new products all the time.’ The bank recently unveiled a ‘five-point Transparency Charter’ for its personal loan customers which promises not to use ‘teaser’ or ‘representative’ APRs advertised by personal loan lenders.
Products
Personal loans
Savings products
- Fixed Term Accounts
- Notice Savings Accounts
- Easy Access Accounts
Mortgages
Business
Intermediaries
Shawbrook also provides support for intermediaries such as professional investors, SMEs, and homeowners across the UK with a range of specialist products including:
- Short term property loans – allow the clients of intermediaries to refurbish property for a quick turnaround, or replace development finance while waiting to sell.
- Development Finance – for established developers buying assets for residential and mixed-use schemes.
- Specialist Residential Buy-To-Let – aimed at intermediaries whose clients are looking for new investments, refinancing existing property or raising additional funds.
Shawbrook offers Commercial mortgage benefits
- Up to 75% Loan to Value (LTV)
- Margins from 2.99%
- Loans from £50k to £15m
- Mortgage terms from 3-30 yrs
- Low arrangement fees from 1.25%
- 3, 5, 6-30 year interest only options
Shawbrook Bank will consider single let residential houses and flats, portfolios including a mix of residential and commercial properties, blocks of flats typically up to 20 units, houses in multiple occupation (licensed HMOs), multiple flats on a freehold title, student accommodation, flats above commercial premises, and prime low yielding properties.
Summary
Shawbrook is a specialist UK savings and lending bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and saving products. At 31 December 2017, the bank’s total lending reached £4.9 billion. For consumers, Shawbrook provide tailored finance and savings accounts through strategic partners. For businesses, the bank finances soft and business-critical assets operated by established UK SME and specialist businesses. They also support professional investors, SMEs, and homeowners across the UK with a range of specialist products.
