Shawbrook Bank Bridging Loan

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Use our bridging loan calculator for quick rate comparisons with Shawbrook Bank. Gain access to the best bridging loan rates sourced in the UK.

Shawbrook Bank is a leading provider of bridging loans in the UK, offering flexible and short-term financing solutions for a variety of property-related needs. Whether you’re looking to purchase a new property before selling your existing one, finance a refurbishment project, or cover unexpected costs, Shawbrook’s bridging loans can provide the temporary financial bridge you need.

What are bridging loans?

Bridging loans are short-term, high-interest loans designed to fill temporary gaps in your finances. They are typically used for property-related transactions. Example uses of this would be:

• Chain breaks: If your purchase is dependent on selling your current property but the sale falls through, a bridging loan can help you keep the purchase on track while you find another buyer.
• Auction purchases: If you’re buying a property at auction, you’ll need to complete the purchase quickly. A bridging loan can provide the necessary funds until you can secure long-term financing.
• Refurbishment projects: If you’re planning to renovate a property, a bridging loan can cover the costs of the work until you can sell the property or refinance with a long-term mortgage.
• Debt consolidation: If you have multiple debts with high interest rates, a bridging loan can help you consolidate them into a single loan with a lower interest rate, potentially saving you money in the long run.

Why choose Shawbrook for your bridging loan?

Shawbrook offers a number of advantages for borrowers seeking bridging loans and compare the market for the best solution:

• Competitive rates: Shawbrook’s bridging loan rates start at just 0.79% per month, making them some of the most competitive in the market for different loan to value scenarios.
• Flexible terms: You can choose a loan term of up to 24 months, and there is no minimum loan amount or income requirement within their eligibility criteria.
• Fast turnaround times: Shawbrook can complete bridging loan applications in as little as two weeks.
• Experienced team: Shawbrook’s team of experts are open till late and has extensive experience in the bridging loan market, so you can be confident that you’re in good hands.
• Unregulated bridging finance: Shawbrook offers both regulated and unregulated bridging loans, meaning you get more flexibility to meet your specific needs.

Getting started with Shawbrook bridging loans

If you’re considering a bridging loan, Shawbrook can help you explore your options and find the right solution for your needs. You can get started by:

• Visit Shawbrook’s website to learn more about their bridging loan products.
• Contacting a Shawbrook Bridging Loan Specialist to discuss your specific needs through convenient online appointments.
• Getting a free quote online.

With Shawbrook’s bridging loans, you can bridge the gap to your property goals and achieve your financial objectives.

How Donkey Finance can help keep your costs down

We work hard to provide our consumers with quick and easy access to the best deals and lowest borrowing rates available in the UK. Before applying for a bridging loan, we strongly advise you to investigate the extent to which overall borrowing expenditures can be reduced.

• Examine your requirements: To begin, thoroughly examine your demands and calculate how much funding you require. Applying for an unreasonably large bridging loan can result in additional borrowing fees that you might have avoided. Applying for a little more to cover unforeseen expenditures is prudent, but going too far may result in you spending more than necessary.
• Increase the amount of collateral you supply: Increasing the amount of collateral you offer is one of the finest strategies to minimise costs to an absolute minimum. If it’s a feasible option, consider giving security in excess of the loan’s value. This gives you peace of mind, which translates into cheaper total borrowing rates from the lender.
• Shorter repayment terms: The same is true for shorter payback terms. If the lender is certain that they will be repaid in the near future, they are usually willing to issue a loan with lower total borrowing rates. Longer payback periods can be beneficial in terms of cost distribution, but they also result in a more expensive total transaction.
• Be wary of theft charges: Far too many lenders slap unwary borrowers with a slew of covert penalties. Set-up fees, admin fees, closure fees, and steep repayment penalties are all examples of hidden costs. We work hard to guarantee that any such hidden fees are removed from the equation.

Last but not least, never underestimate the worth or necessity of thoroughly comparing the market. This includes not just large lenders such as Shawbrook Bank but also the top independent lenders in the UK.

Typical costs based on 0.55% rates over 12 months

As previously noted, the majority of bridging loan lenders do not deal directly with the general public, thus in order to obtain a bridge loan, you will typically need to go through a loan broker. For the purpose of managing bridge loans, which are only available through brokers, high street banks typically maintain distinct companies.

Let our AI software compare rates for bridging loans against high-street banks and other institutions: