Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured
Facebook LinkedIn Twitter

Time: 0:0

Legal network to smooth Shawbrook deals

07 May, 2014

By: Ryan Bembridge

category: Commercial, Residential, Secured, Short Term, Unsecured

0

Shawbrook is using a network of law firms to smoothly process its transactions on commercial loans.

Borrowers using network firms to represent them for a Shawbrook commercial loan get a 10% reduction in both the network legal fees and Shawbrook’s legal fees.

Pure Law, which has worked with the networks on previous transactions, has agreed to regularly update the network’s legal firms with information regarding changes in Shawbrook processes.

Karen Bennett, sales and marketing director of commercial mortgages at Shawbrook Bank, said: “As always, we listened to our brokers who told us about the challenges they faced when it came to dealing with solicitors.

“Working closely with the Pure Law team, this network has been established to streamline the process.

“We believe it is a great step toward driving efficiencies across the conveyancing process and providing an enhanced service to everyone involved.”

Law firms involved in the network include Berg, Girlings Solicitors, Bond Dickinson, Penningtons Manches, Elmhirst Parker, Ellis-Fermor and Negus, Fishman Brand Stone, Cannings Connolly and Bright.

Fraser Sinclair, partner of Pure Law LLP, added: “It is in the interests of all borrowers to work with solicitors who know a lender’s requirements.

“This network has been established with the goal of making the legal process more efficient for everyone.

“We are looking forward to seeing this network in action and the effect it has on transactions.”


Tags: lending, loan, loans, Pure Law, Shawbrook

Recent News

Loans Warehouse: Business as usual for second charge market

12 January, 2021

Loans Warehouse appoints former OneSavings Bank director

12 January, 2021

Shawbrook increases maximum loan size across second charge offering

12 January, 2021

Matt Cottle steps down from Specialist Mortgage Group

08 December, 2020

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Blog: Regulation, regulation, regulation

28 January, 2016

  • 0

BLOG: The need to shop around

27 October, 2015

  • 0

Experience is everything

28 March, 2013

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
Facebook LinkedIn Twitter

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© Mortgage Introducer Limited: Our Privacy and Cookies Policy

TPG

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login