One of the UK's newest banks, Shawbrook, has not only broken even after just one year in business, but they have also teamed up with The Loan Engine to offer short term secured loans.
Buy-to-let investors are among their key target markets and among the products specifically developed for this audience are: loans for investors looking to buy, refurbish or release equity from the after-works value of a property as well as short-term loans for acquisitions such as at auction. Light refurbishment work can also be financed through one of the bank's loans.
After a number of stories on mortgage funding becoming more easily available to home buyers, this may be the beginning of further good news for the BTL market. Watch this space!
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