View more on these topics

18 brokers selected for Shawbrook’s strategic partners programme

Shawbrook Bank has launched a new programme for its network of brokers today, designed to recognise those with the highest quality of applications and successful conversion rates.

Currently 18 brokers have been selected for the strategic partner programme, based on the high quality of their applications presented to Shawbrook.

Shawbrook says it has a set of criteria against which strategic partners are measured, including the level of conversion rates achieved on initial submissions and ultimate conversion to successful loan completion.

Strategic partners will receive exclusive process and marketing benefits as well as a higher commission structure to reflect the lower processing costs associated with completing the business they submit.

The announcement coincides with the release of 13 tailored loan products which each of the strategic partners will have access to ahead of Shawbrook’s wider network of broker partners.

The products cover a range of sectors, including: residential investment property, commercial investment property and trading businesses.

They are short term finance for acquisition, short term finance for light refurbishment, medium term finance for light refurbishment, residential investment loans, commercial investment loans and trading business loans.

Shawbrook Bank managing director of commercial lending Stephen Johnson says: “Brokers are a lynchpin in our business and we value their knowledge and market expertise.

“For our brokers and for Shawbrook, efficiency is key to completing deals and we launched the Strategic Partner programme to recognise and encourage the highest quality of business. We are excited to be able to reward the highest performers whilst remaining firmly committed to working with all of our broker partners.”


Barclays Alt Logo 450

FSA demands overhaul at Barclays, reports

FSA chairman Lord Turner has demanded an overhaul at Barclays, after approving the appointment of new chief executive Antony Jenkins, Sky News reports. A letter is understood to have been sent to Barclays chairman-designate David Walker that warns of continued focus on Barclays. Sky News reports the regulator has told Barclays it wants the bank […]

Hugh Wade-Jones

Mayfair is not the only money-puller

It has been well documented that since the start of the credit crunch that certain London postcodes have bucked the national trend and have seen astronomical rises in price.

FSA Front 480

FSA to end aggressive bank sales structures

Financial Conduct Authority chief executive designate Martin Wheatley is set to announce plans to crackdown on incentive schemes used by banks, building societies and insurers. Giving his first speech to the City tomorrow, Wheatley will announce plans to toughen up on certain sales incentive schemes the regulator believes are unfair to consumers. The FSA will […]

CML urges caution over bridging finance

The Council of Mortgage Lenders says it welcomes increased regulatory scrutiny of the bridging finance industry. The CML says there is an increasingly fuzzy distinction between bridging lending and long-term lending at a time when the market is being surrounded by hype. While it remains broadly supportive of the industry, questions have been raised about […]


News and expert analysis straight to your inbox

Sign up