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Shawbrook £330k loan its biggest to date

Shawbrook bank has completed a £330,000 secured loan, representing its largest loan to date.

Shawbrook says the money was used to fund an extensive home improvement project on a property valued at £2.7m in the South East of England.

The deal was completed through Y3S Loans in Cardiff.

Shawbrook Bank head of sales Maeve Ward says: “We are delighted to have worked with Y3S on this case on helping the client raise additional finance to fund their home improvements without having to touch their existing mortgage. Our experienced team worked closely with Y3S to understand the client’s situation and find the best solution.”


MS Leader: Help to Buy success or fantasy?

The big news in last week’s Budget was obviously chancellor George Osborne’s announcement of Help to Buy. Will this be the answer to the housing and mortgage market’s collective woes? Expectations for Help to Buy are high and the Government’s projections for both parts of the scheme are big. The equity loan version of Help […]

HSBC and Yorkshire societies announce plans to rein in interest-only lending

Two more lenders have reigned in their interest-only lending with Yorkshire Building Society pulling out of the sector altogether. Last week, on the day of the Budget, Mortgage Strategy revealed YBS had pulled out of new interest-only lending completely while HSBC had pulled out of interest-only for all but its wealthier clients. YBS says the […]

First Complete system flags up missed payments

First Complete has introduced a new notification system which alerts members when a client misses a payment on their protection policy. The information provided will be a composite of when a payment was missed, the arrears due, the requirements needed to reinstate the policy and the amount and date of commission clawback should the clients’ […]


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