SBSLS can assist mortgage brokers with placing and processing mortgage cases on the broker’s behalf. The addition of Shawbrook’s buy to let secured loan products gives greater scope to consider a wider range of lending options when working with clients on buy to let business. Customers are free to make monthly or lump sum overpayments without penalty on the loans.
John Cupis, managing director, mortgages at Sesame Bankhall Group, said:
The addition of Shawbrook’s buy to let secured loan products to the wide range of available products via Sesame Bankhall Specialist Lending Services demonstrates that we are committed to helping advisers to place and write different types of mortgage business. We understand that clients’ needs are changing and we aim to provide advisers with a wide choice of products to help their clients.
Secured loans are becoming an increasingly important product for advisers to consider. With Shawbrook’s extensive experience in this sector and competitive products, we are pleased to develop our relationship further with the bank.
Maeve Ward, head of sales, secured lending, Shawbrook Bank, added:
I am thrilled to be able to announce another new product that we can offer via SBSLS. This new product means that advisers can offer their clients flexibility and the opportunity to raise capital whilst leaving their existing mortgages in place. We are proud that our full product range is now available via SBSLS, providing advisers with a breadth of options to offer to their clients.