Residential Home Loans
A bank with an appetite to lend
In a tough financial market it can be difficult to get funding from a bank, but now Residential Home Loans has exciting news about new finance opportunities
Latest Homes met with Tony Hughes of Sussex based Residential Home Loans (RHL) to talk about their relationship with Shawbrook Bank. RHL is a leading national distributor working in conjunction with their lender partners to provide bespoke and specialist lending solutions for property investors and mortgage intermediaries.
In a marketplace where it has been difficult to obtain funding, RHL has developed relationships with a number of specialist lenders providing an innovative range of residential and commercial products. These include commercial, buy to let and residential mortgages, short-term finance and secured loans.
“Shawbrook Bank comes to the market with in-depth market knowledge and a real appetite to lend, providing a real alternative to the high street”
One such provider is Shawbrook Bank, a challenger bank that launched in 2011, coming to market with in-depth market knowledge and a real appetite to lend, providing a real alternative to the high street. These may not be words that you have heard for some time but Shawbrook is committed to lend to the experienced property professional with a successful track record. Shawbrook takes a common sense approach to lending and its experienced team manually assess each case on its individual merits, taking a pragmatic approach to its underwriting.
Shawbrook only lends through experienced mortgage intermediaries like RHL, forming the link between the property investor and Shawbrook Bank. Shawbrook is committed to lending to property professionals, with a key focus on helping experienced investors build their portfolio. This is very much their area of expertise.
This includes single investment properties and multiple leasehold units in one block or on one title, HMO’s (Houses of Multiple Occupancy), student lets and semi-commercial and commercial property.
Product terms available include interest only for either 3, 5 or 10 years, or repayment of up to 30 years to a maximum age of 80.
RHL is in a position to offer all of the above products to individuals or via intermediaries together with Shawbrook’s market leading rate on its short term bridging loan facility and their medium term refurbishment product.
Peter Turner, Business Development Manager, Commercial Mortgages at Shawbrook Bank, says: “Brokers are the 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 Partners programme to recognise and encourage the highest quality of business. We are excited to be able to reward RHL Bridging and Commercial as one of the highest performers whilst remaining firmly committed to working with all of our brokers.”
In response, Tony Hughes says: “We are delighted to join the Shawbrook Strategic Partner programme. Shawbrook represents a new breed of challenger bank who are committed to lending to property professionals and landlords, enabling them to build their residential and commercial investment portfolios.
RHL works closely with Peter Turner on a daily basis, ensuring RHL is in the best position to offer an ever growing range of Shawbrook’s financial products for property professionals.
RHL is delighted to be working with Shawbrook and to be able to offer their wide range of services but it is not an exclusive deal and the company still works with many other financial institutions, giving them a very comprehensive range of options from across the whole market for their customers.
Photo: Peter Turner, Business Development Manager, Commercial Mortgages at Shawbrook Bank
For further information on how RHL can assist you on all their products and services, including Shawbrook Bank, Investment/Buy to Let, Commercial Finance, Bridging Finance, Development Finance, Secured Loans please contact them on 01273 495420 or visit www.rhluk.co.uk/further-information
Email info@rhluk.co.uk
Their services are available to both property professionals and intermediaries.
