Shawbrook Bank Acquires Development Finance Team and £167m Loan Portfolio from RateSetter
· More than 100 new active development finance customers and an experienced team joining Shawbrook from RateSetter · The acquisition accelerates the growth of Shawbrook’s existing development finance business, which has already provided over £750m of facilities to UK house builders · The move complements the existing business and extends Shawbrook’s presence in a key and growing marketLONDON: 17/12/20 Shawbrook Bank has enhanced its position in a key and growing market after it completed the strategic acquisition of RateSetter’s peer-to-peer funded development finance business.