​Shawbrook’s lending exceeds £1bn

Shawbrook Bank has announced that it has lent more than £1bn to SME’s and individuals in the UK since launching in 2011.

More than £750m has been advanced to small-to-medium sized businesses in the UK, while over £350m has been lent to personal customers since beginning operations less than three years ago.

The £350m figure is made up of home improvement financing, taxi finance, holiday home ownership as well as buy-to-let lending.

The bank’s commercial mortgages and secured lending divisions operate solely through brokers, while Shawbrook Asset Finance lends through brokers and direct clients.

The firm says it is committed to lending through the broker channel in 2014 and thereafter.

Shawbrook Bank chief executive Ian Henderson says: “Reaching this milestone so quickly is a great feat for Shawbrook, and one which we are very proud of.

“Our success is thanks in no small part to our network of specialist brokers. This relationship is incredibly important to us – their expertise and determination is invaluable.”