As the demand for social housing continues to rise, more private landlords are choosing to collaborate with Local Authorities to provide essential accommodation across a diverse range of community needs.
To support this growing sector, Shawbrook are enhancing their lending criteria and introducing a more streamlined legal process, which means we can support your clients with reliable and straightforward funding for this style of property investment.
What’s new?
A simpler legal process:
- Reduced lease requirements, focusing on ensuring the basics are in place
- No upfront lease reviews – everything is handled as part of the legal process
Lending criteria enhancements
Social Housing available on a range of Complex Buy-to-Let and Structured Real Estate products:
- Loans from £50k to £50m
- Competitive rates starting from 4.79%
- Available across a range of property types: residential BTL assets that comply with planning use class C3, C3(a), C3(b), C4 or Sui Generis
Shawbrook provides £19m funding solution for Social Housing project across Manchester. They provided a £19 million structured loan with no personal or corporate guarantees, tailored to meet the needs of a complex ownership structure involving a Guernsey trust. The funding enabled the refinance of 153 houses across Greater Manchester that were mostly leased to a national Social Housing operator, helping to address the increasing demand for social housing in the North.
At 3mc, we have a team of expert advisers who can discuss all your mortgage requirements. If you would like to discuss your options, give the 3mc team a call on 0161 962 7800.
All calls are recorded for training and monitoring purposes. 3mc for intermediaries only.
*Your home may be repossessed if you do not keep up repayments on your mortgage. 3mc (UK) Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register https://register.fca.org.uk/s/ under reference 302992. Please note: The FCA do not regulate Business Buy to Let Mortgages.
📱 0161 962 7800
📧 info@3-mc.com
🌐 www.3-mc.com
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