Shawbrook sets up lending arm

Shawbrook Bank has launched a short-term lending team to exclusively handle deals that require a fast turnaround.

The new team will be made up of three lending managers and a lending officer and has been formed after an increase in demand for short-term loans.

Shawbrook managing director of commercial mortgages Stephen Johnson says: “Time is of the essence when it comes to bridging and brokers need a lender who is responsive and can get deals turned around within a day. We’re excited about expanding capabilities in this fast-moving market.”

Vantage Finance is a broker partner to Shawbrook and director Lucy Hodge feels that the new short-term lending team will provide the bank with a competitive advantage.

Hodge says: “In the fast-paced world of short-term loans a dedicated process is important and this team will help streamline it further.”