Shawbrook Commercial has launched an add-on to its short-term lending range, releasing a “lending for refurbishment costs” option.

In addition to borrowing 75% LTV against the lower of Day one purchase price or value, applicants may now borrow up to 100% of the refurbishment costs on a single, larger facility.

Emma Cox, sales director, Shawbrook commercial mortgages, said: “We have worked tirelessly over the past five years to improve this important element of our product offering, and 2018 represents a real success story for the Shawbrook short-term lending range.

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