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

Time: 0:0

Shawbrook provides £500,000 second charge loan

20 February, 2020

By: Ryan Fowler

category: Second Charge, Secured

0

Shawbrook Bank provided a £500,000 second charge loan after having been approached by CSC Loans.

The loan went to a client of CSC Loans who were concerned about a plot of land next to their current property that was intended to be purchased for commercial purposes.

The bank says that the case was funded within seven working days, and the product offered to the client was at 4.2% up to 65% LTV.

Emma Cox, sales director at Shawbrook Bank, said: “Due to the strong relationship we have with CSC Loans and the quality of their packaging, the case was able to complete in such a short period of time and the client was able to save their property’s value.

“This case shows how important it is for a broker to be able to speak to one of our underwriters.”

Mark Fry, managing director at CSC Loans, added: “The consequences for the applicants of not getting the loan were unthinkable.

“As a result, we wanted to work with a lender that we knew would look carefully at the complexities of the case on day one in order that we could iron out any potential issues at an early stage.”


Tags: Shawbrook

Recent News

Second charge lending up £13.4m

24 November, 2021

Selina Finance ups second charge LTV

22 November, 2021

Pepper Money completes largest second charge securitisation

18 November, 2021

Ryan McGrath exits The Loans Engine

03 November, 2021

Comments are closed.

Polls

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

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Morwell Pokies Opening Hours - 24 Pokies Casino No Deposit B...

20 August, 2021

  • 0

Uptown Pokies No Deposit Codes 2021 | Casinos related to Upt...

20 August, 2021

  • 0

The Top Online Pokies And Casinos In Australia | 5 dragons p...

20 August, 2021

  • 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

© 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.


© CEDAC Media: Our Privacy and Cookies Policy

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