Shawbrook has announced key changes to its core commercial mortgage proposition.

Having observed shifting market conditions over the past 12 months, Shawbrook has identified increased demand for investment in commercial property. In response to this demand, the bank is enhancing its products.

Key enhancements include – reducing the minimum loan size to £250,000; reduction of rates across the offering by 10bps; increasing the maximum LTV by 5% on semi-commercial products to 75% and commercial products to 65%; re-introducing retail assets as acceptable security; and relaxing experience requirements for applications from buy-to-let landlords.

Shawbrook has also revised some elements of criteria to manage increased deal flow in a more volatile market:

Implementing a minimum EPC rating of ‘C’ for office properties valued over £2m.

Streamlined automated decision making enhanced with referrals to an expert underwriter on day one for higher LTV deals.

Shawbrook head of real estate proposition Daryl Norkett says, “Shawbrook is committed to staying at the forefront of the real estate market, and we have been tracking the commercial property market closely.

“Having monitored the market and our own deal flow over the past few months, we are making changes to respond to growing demand from professional investors and landlords for commercial property”.