Shawbrook improves secured loan proposition

Shawbrook has made changes to its Platinum secured loan products.

It has increased the maximum advance to £125,00 and reduced the rates for employed applicants by 1%.

Shawbrook as also increased the DTIR for employed applicants to 42.5%, adjusted commission payable to 0.5% and increased the minimum risk score to 450.

Maeve Ward, head of sales for secured lending at Shawbrook Bank, said: “Brokers lie at the heart of Shawbrook’s operations and we are very committed to listening to their feedback. We are confident that the new product features will helps us support the renaissance of the secured loan market.