Shawbrook lifted its loan book by 15% to £15.8bn in the first three months of the year compared to 12 months ago, driven by “strong demand” across its specialist commercial and retail markets.  

The bank also completed the operational integration of The Mortgage Lender and Bluestone Mortgages last month into “a single retail mortgage business, creating a scalable, unified platform, leveraging the respective strengths of each brand and their distribution networks”. 

It bought Bluestone for an undisclosed fee in 2023 and The Mortgage Lender for an undisclosed fee in 2020. And has appointed several senior managers who will work across all three brands. 

The group said that it had also “simplified” its product transfer proposition for professional buy-to-let property investors, in a trading statement. 

The business offers a range of lending including BTL, bridging and commercial loans as well as development finance. 

Shawbrook chief executive Marcelino Castrillo said: “Our specialist proposition and the scalable technology platform we have engineered are delivering strong profitability, despite the pressure from the interest rate environment and competition for both assets and liabilities on margins across the UK banking sector.  

“Notwithstanding our continued growth and investment in digital, we remain lean with our running costs broadly flat quarter on quarter.”