Product | Gross Fee paid by lender | Net fee paid to regulated broker | Net Fee paid to non-regulated |
---|---|---|---|
Secured Loan | 2.00% | 100% proc fee | 0.68% |
Commercial | 1.75% | 0.875% | 0.44% |
BTL Non Portfolio | 0.90% | 0.45% | 0.225% |
BTL Portfolio | 1.20% | 0.60% | 0.30% |
Buy to Let | 1.75% | 0.875% | 0.44% |
Product Transfer | 0.75% | 0.375% | 0.19% |
Bridging | 2.20% | 1.10% | 0.55% |
Under different guises Shawbrook Bank has been in business since 1944, in 2011 secured loans and commercial loans were added to the lending portfolio.
Today they are seen as one of the newer challenger banks looking to help intermediaries with a range of tailored products fitting a variety of commercial and residential needs. Complete FS became a broker partner with Shawbrook early in 2013 and by October 2013 had become one of only 20 strategic partners.
Complete have recognised that Shawbrook have a pragmatic approach to lending, using their experience and common sense to find a way to do a deal that should be done. Here are some of the selling points to their offering:
Working with Complete FS
“ Shawbrook has worked with Complete FS for some time and they feature as a key relationship for our business. The Shawbrook team is consistently impressed by the quality of their submissions, the knowledge of their expert staff, and the professionalism with which they run their business. Their team has worked extremely hard to gain a deep understanding of our requirements to ensure the process is as efficient as possible for their clients, developing close working relationships across all the Shawbrook specialist teams as a result. This mutual trust and respect underpins a journey that has seen Complete go from strength-to-strength to gain an in depth understanding of the specialist market and wider lending spectrum. It is a pleasure to work with such an efficient business on a daily basis, one that is committed to transparency and delivering in a fast, flexible and transparent fashion to their introducers and associated customers. We look forward to continuing to build and grow alongside Complete FS throughout the year, and have every confidence in the ability to deliver across all facets of the customer journey. “
Complete FS Limited is Registered in England & Wales with Company No. 8163434. Registered Office at Fleming Court, Leigh Road, Eastleigh, Hants, SO50 9PD.
Complete FS Limited is authorised and regulated by the Financial Conduct Authority FCA Register Number: 738129 Please note we are a Packager and Broker, not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for consideration.
Complete FS Limited will receive commission from lenders. Different lenders pay different amounts depending on different models. For transparency we work with the following commission model: percentage of the amount you borrow and rate for risk. Further details of the commission model, calculation and amount will be disclosed during the customer journey.
The FCA does not regulate most Buy to Let mortgages.
Our phone lines will be closed on Thursday 1st May until 10.30am for staff training.