David Lubin, Gloucester Property
David Lubin is an experienced property professional, with over 27 years in the industry. He decided to buy a house in Gloucester as his daughter was studying at university there.
“I had negotiated a really good price for the property, with a 39 per cent discount. However, the agreement only stood until Christmas Eve, which left me with four days to secure the finance. The bank I usually use had slowed down its mortgage lending offering so I was looking for somewhere new. I asked around my contacts and someone recommended Shawbrook. I knew one of the team at Mustard Commercial Finance so I approached them once I had Shawbrook in mind."
They have worked with the people at Shawbrook for a number of years so were able to advise me on how to proceed on this time sensitive deal. To me, Shawbrook was a great lifeline and the offer of a 10 year interest-only deal made it even more attractive.”
“Shawbrook really came through in the eleventh hour and they were a joy to work with. I am thrilled with the deal and I got the property for the price I wanted. I would definitely recommend Shawbrook to others as they have been great throughout.”
3 MONTH London Interbank Offered Rate (LIBOR)
From 1 January 2017
Please note that Shawbrook Bank applies a minimum rate of 0.75% to the term rate margin.
If your loan completed before January 2011, you may be on a different version of LIBOR. If you think this may affect your loan, please contact us on 0345 848 0223