London, UK – Ingenious today announces that Ingenious Real Estate has closed a new 27-month £18.9m development funding facility with housing developers, Eutopia Homes, with joint venture partner Housing Growth Partnership (HGP). Eutopia Homes has signed a building contract with Living Heritage, the contracting arm of the Gr8Space group, illustrative of the firm’s commitment to delivering quality new housing in Exeter.

The project aims to bring 92 residential units to the market, contributing to the city’s active housing market and enriching the choice and standard of living for its residents. With enabling works already underway, the primary construction phase is scheduled to commence in March 2024, aiming for completion by late 2025.

We are delighted to be working with Eutopia Homes on their exciting Isca Gardens project in Exeter. In providing debt funding, we are excited to see the journey towards the delivery of 92 high-quality, efficient, and affordable homes.  We continue to see growth and performance in the developments we support. Our team is continuing to expand in both size and expertise and we remain confident and committed to supporting the UK residential real estate sector and providing flexible funding solutions to great projects and great teams.

An integral aspect of this development is incorporating 18 ‘Affordable Private Rental’ units tailored for the city’s key workers. This innovative initiative not only addresses the acute housing demand among essential personnel but also represents a pioneering venture for Exeter. Distinguished by its sustainable ethos, the development will showcase a car club, electric charging points, and substantial cycling infrastructure. Moreover, the project includes financial contributions to support the establishment of a new cycle highway, reinforcing Eutopia Homes’ commitment to fostering sustainable communities.

Tom Brown

Managing Director at Ingenious Group

We are delighted to close the funding and award the construction contract for our second Exeter scheme. This purpose-built rental product, designed with residents’ interests in mind, aligns perfectly with our vision. Our inclusion of affordable market rental units for key workers underscores our commitment to addressing pressing needs in the city.

Scott Hammond

CEO at Eutopia Homes

Employing modern construction methodologies, Eutopia Homes will collaborate closely with Living Heritage to reduce waste and streamline delivery efficiency. The implementation of lightweight gauge steel (LGS) combined with off-site production will significantly enhance the project’s Environmental, Social, and Governance (ESG) performance while minimising its ecological footprint. The development will also integrate solar panels on the roof and air source heat pumps, promoting cleaner and greener living for future residents.

We are thrilled to reach this milestone with Eutopia Homes. This project will bring much-needed new rental stock to Exeter, transforming the Exmouth Junction area. Our support for this high-quality and sustainable development resonates with Exeter City Council’s ambition to achieve net-zero emissions by 2030.

John McKeon

Investment Director at HGP

The Ingenious Real Estate team has extensive experience providing senior debt and capital to experienced mid-market developers in the residential, commercial and mixed-use sectors partnering with a range of commercial relationships built up over many years.


ENDS

Notes to Editors

For more information, please contact:

Jamie Brownlee / Thomas Lodge / Gabriela Sarosiek

Greentarget (for Ingenious)

+44 20 3963 1889

ingenious@greentarget.co.uk

This document is a press release for information only and is not to be distributed to retail clients. Ingenious is a trading name of Ingenious Capital Management Limited, which is authorised and regulated by the Financial Conduct Authority under Firm’s Reference Number 562563.

Registered Address:  Parcels Building, 14 Bird St, London, W1U 1BU, United Kingdom.

As interest rate increases continue to bite and the costs and challenges of property development, especially in London, remain high, we expect to see a continuation of the market trends we have seen in 2023 going into the New Year. It’s reassuring to note that as we enter 2024, there is a noticeably more stable outlook for inflation compared to what we were faced with at the beginning of 2023.

Buy-to-let market

Whilst buy-to-let (BTL) investors are benefitting from double-digit increases in rents across the UK, the costs to many private landlords from higher interest rates and the increased tax burden, means we expect many private investors will continue to exit the market, which will further reduce the supply of rental stock. Looking forward, the landscape of the UK residential rental market continues to shift towards purpose-built accommodation owned and managed by financial institutions. Large pension funds and insurance companies are taking the lead here and will increasingly dominate the larger developments with significant financing opportunities arising in the mid-market development space.

Support for first-time buyers

First-time buyers are crucial to the health of the wider market, economy and support our way of life here in the UK. This crucial cohort of potential buyers are currently faced with increasingly expensive mortgages requiring high deposits or the challenges and costs associated with renting. The government should look closely at how they can carefully intervene in this area to allow first-time buyers access to the market in a way that does not unduly inflate property prices and provides good value for taxpayers.   

Residential prices holding firm

The UK continues to face a shortage of housing infrastructure, which will continue to support property prices despite the higher costs of borrowing. Widespread predictions of a noticeable decline in residential prices linked to higher borrowing rates seem to have been overstated. Indeed, there are noticeable factors that are applying the break to price falls. With residential rents experiencing a year-on-year increase of approximately 12%, there is both opportunity and liquidity within the Build to Rent, Private Rented (PRS), Purpose-Built Student Accommodation (PBSA), and Co-Living spaces. We are firmly focused on serving the needs of developers operating in those sectors alongside those operating in the Build to Sell market.

Impact of a potential change of government

Housing remains a fundamental political issue here in the UK and ranks highly on the list of concerns for voters up and down the country. As such, it is imperative for every political party, regardless of its affiliation, to include comprehensive policies addressing the core issues of supply and affordability in their manifesto commitments. We don’t expect to see a significantly different approach should a change of national government take place during 2024. Many of the issues on the ground relate to local planning policies and decisions, which continues to be a big challenge for developers to navigate. The position on the ground locally seems unlikely to be radically altered by a change in national politics.     

Market outlook

The New Year will bring with it a new and exciting set of challenges and opportunities for growth and progression in what we do. We are looking forward to continuing to work with borrowers and investors and delivering for them. The dynamic landscape of the markets that we serve and the wider economy requires us to evolve to stay relevant in addressing diverse challenges, including the climate crisis and changes in the way we are all living. 2024 will see Ingenious broaden the reach of our widely embraced development lending product. This expansion aims to offer extended terms for stabilisation to specialised developers within the rental sectors. Additionally, special lending terms will be introduced for developers with a specific focus on minimising embedded carbon in their construction practices.

We’re delighted that five Ingenious-backed films have been nominated for the National Film Awards. These nominations honour creative vision, attention to detail and commitment to storytelling. Congratulations to all the nominees.

You can register your profile and vote here.

Best Actress 2023
Jennifer Saunders (Allelujah)
Emma Mackey (Emily

Best Actor 2023  
Rory Kinnear (Bank of Dave)

Best  Supporting Actor 2023
Paul Kaye (Bank of Dave)

Best Supporting Actress 2023  sponsored by Youth & Earth
Phoebe Dynevor (Bank of Dave)

Best Thriller 2023 sponsored by Ivy Niche
Unwelcome

Best Independent Film 2023 sponsored by Telephononos
Bank of Dave

Best Screenplay 2023  
Frances O’Connor (Emily)

Outstanding Performance 2023  
Bally Gill (Allelujah)

Best Feature Film 2023 
Emily
Bank of Dave

Best Producer 2023
Iain Canning | Joanna Laurie | Emile Sherman | Christophe Spadone | Florian Zeller (The Son
Karl Hall | Neil Jones | Piers Tempest | Matt Williams (Bank of Dave)

London, UK – Ingenious Real Estate today announces the completion of a new loan to support the development of a low-carbon modular residential scheme on Sutton Road in Southend-on-Sea, with a 69% LTGDV.  The borrower is part of QB Technology, a UK-based innovative modular construction company that uses modern methods of construction and advanced digital tools to produce highly-engineered modular building systems off-site.

The apartments will benefit from private balconies, undercroft parking and cycle storage. Each unit uses light gauge steel frames the size of shipping containers which are fitted out on an assembly line at QB Technology’s factory in West Sussex. Completed units are then delivered to the site where they will be connected together. This will decrease site waste and increase efficiencies by reducing construction time due to disruption from inclement weather.

The scheme will reduce carbon output both during development and once in use. The modular construction will decrease the use of carbon-intensive materials such as concrete, and produce homes with greater airtightness, large windows, and solar shading to minimise heating requirements. The development will use a PV solar panel array to supply over 10% of the building’s electricity.

Ingenious has funded schemes which use pre-fabricated panels before,  such as a loan facility with property developer, Citu, to fund 120 units at the Climate Innovation District in Leeds. It has also funded low-carbon schemes such as The How in Cambridgeshire, a development of 19 sustainably built, energy-efficient houses.

Most recently, the firm has agreed a bridging loan against an asset in South West London; a £26m loan financing deal to support the development of a mixed-use scheme in East Ham, London; and an industrial development facility to fund the 48 industrial units near Poole.

We are delighted to have supported the development of an innovative low-carbon focussed site, providing sustainable homes with lower operating costs for buyers. This deal complements our growing portfolio of low-carbon developments and we’re proud to continue providing flexible financing solutions for sustainable projects while maintaining our commitment to our investors. Low operating cost homes have never been more vital for buyers, and we will continue to source exciting new low-carbon focussed developments in the coming months.

Tom Brown

Managing Director of Real Estate at Ingenious

About Ingenious Real Estate

Formed in 2013, Ingenious Real Estate focuses on providing senior development and bridging finance to well-designed schemes in locations across the UK that have a proven demand. Typical loan terms are 18-30 months, and the team has since completed more than £600 million worth of transactions. The current portfolio balance is weighted towards residential.

ENDS

Notes to Editors

For more information, please contact:

Jamie Brownlee / Thomas Lodge / Gabriela Sarosiek

Greentarget (for Ingenious)

+44 20 3963 1889

ingenious@greentarget.co.uk

This document is a press release for information only and is not to be distributed to retail clients. Ingenious is a trading name of Ingenious Capital Management Limited, which is authorised and regulated by the Financial Conduct Authority under Firm’s Reference Number 562563.

Registered Address:  15 Golden Square, London, W1F 9JG, United Kingdom.

●      The Ingenious Group are a ‘One to Watch’ in the eighth annual Growth Investor Awards, organised by Intelligent Partnership

●      The Ingenious Group recognised for outstanding achievements this year in the prestigious Best New Product or Service category sponsored by Mainspring Fund Services

●      The gala dinner and awards ceremony was held last Thursday, 24 November at the London Hilton on Park Lane for 450 guests

●      TV and radio star Claudia Winkleman hosted the evening, with a keynote address delivered by Mark England, OBE (Team GB’s Chef de Mission for the Paris Olympics 2024)

The 2022 Growth Investor Awards took place last Thursday, 24 November, with a gala dinner and awards ceremony to recognise the best of the growth investing community. The businesses and individuals, who were recognised, received their awards at the London Hilton, Park Lane, in front of 450 guests from across the alternative investments industry.

This year’s awards were hosted once again by TV and radio star Claudia Winkleman, alongside Intelligent Partnership’s founder Guy Tolhurst.

This year was the eighth Growth Investor Awards (GIA) organised by Intelligent Partnership. For almost a decade, GIA has celebrated those businesses and individuals within the financial services and alternative investment industries, who support the UK’s high-growth SMEs and Startups.

The Ingenious Group was recognised by our judges for their outstanding contribution, as our ‘One to Watch’ in the prestigious Best New Product or Service category sponsored by Mainspring Fund Services.

Despite the challenging economic backdrop, the guidance, support, and returns they’ve delivered for their clients, and the businesses they work with, has been so impressive this year.

We are delighted to have supported the development of an innovative low-carbon focussed site, providing sustainable homes with lower operating costs for buyers. This deal complements our growing portfolio of low-carbon developments and we’re proud to continue providing flexible financing solutions for sustainable projects while maintaining our commitment to our investors. Low operating cost homes have never been more vital for buyers, and we will continue to source exciting new low-carbon focussed developments in the coming months.

Tom Brown

Managing Director of Real Estate at Ingenious

For further information, please visit growthinvestorawards.com

London, UK – Ingenious today announces that Ingenious Real Estate Finance has completed a £26m loan financing deal to support the development of a mixed-use scheme consisting of 88 apartments, commercial space and a gym at the former Boleyn Cinema site in East Ham, London.

This deal was introduced by broker Daniel Sovitch at Life Financial Solutions.

The development will consist of 88 1, 2 and 3-bed residential units along with commercial units and a gym.

The site is located next to West Ham’s former football stadium, Upton Park.

The new build element of the scheme will be a 5-8 storey building comprising four blocks around a communal courtyard with additional roof gardens. Each flat will have a balcony or terrace.

This is one of a number of recent new transactions Ingenious Real Estate has closed. Including two loans for  £26m in support of the development of 55 new-build family homes in Somerset and Devon; a Bridging loan against an asset in Battersea, South West London and our first Industrial development facility to fund the construction of 48 industrial units near Poole.

These new transactions demonstrate Ingenious’ support for residential and commercial real estate development and projects across the UK.

We are delighted to have supported the development of an innovative low-carbon focussed site, providing sustainable homes with lower operating costs for buyers. This deal complements our growing portfolio of low-carbon developments and we’re proud to continue providing flexible financing solutions for sustainable projects while maintaining our commitment to our investors. Low operating cost homes have never been more vital for buyers, and we will continue to source exciting new low-carbon focussed developments in the coming months.

Tom Brown

Managing Director of Real Estate at Ingenious

I would like to thank Howard, Rupert and Anabelle at Ingenious for their flexible approach and proactivity in getting this facility over the line. It’s always exciting to follow the progress and build of a project like this right to the end to project completion and I’m delighted to have played a pivotal role in helping it get there.

Daniel Sovitch

Director of Life Financial Solutions

My family has owned this site for over 20 years, bringing forward our vision of regenerating the Old Cinema site. We are very pleased to have worked with both Daniel and Howard to secure financing for the site and I am excited to start construction.”

Adil Naeem

Boleyn Height

Ingenious today announces that Ingenious Real Estate Finance has completed a bridging loan deal with Cole Waterhouse to support its development of a key site in Digbeth, Birmingham, paving the way for the creation of Upper Trinity Street (UTS), a £260 million mixed-use scheme which will deliver 943 homes and a new public park for the city.

Ingenious Real Estate entered into an agreement with Cole Waterhouse to agree a bridging loan over 24 months to acquire the land from multiple private owners, with Auxillium Real Estate acting as the debt broker.

The purchase comes after Birmingham City Council granted planning permission in July 2021 for the transformation of the industrial land into a cultural, commercial and residential scheme. It will include the creation of Pump House Park which will sit alongside the canal and the historic lock keeper’s cottage which will be retained.

We are delighted to have supported the development of an innovative low-carbon focussed site, providing sustainable homes with lower operating costs for buyers. This deal complements our growing portfolio of low-carbon developments and we’re proud to continue providing flexible financing solutions for sustainable projects while maintaining our commitment to our investors. Low operating cost homes have never been more vital for buyers, and we will continue to source exciting new low-carbon focussed developments in the coming months.

Tom Brown

Managing Director of Real Estate at Ingenious

Last year, Cole Waterhouse signed the first tenants at UTS including the world’s first Museum of Youth Culture, Birmingham Music Archive and Digbeth’s Pat Benson Boxing Academy which together will occupy over 15,000 sq. ft. of space. Designed by Corstorphine & Wright, UTS will deliver a blend of rentable and open market sale homes, some with live-work space and roof gardens, a 133-bedroom hotel, 60,000 sq. ft. of flexible commercial space, car parking and large new areas of public realm across a network of landscaped yards, squares and hidden spaces.

The development of UTS is expected to create 600 jobs during the construction phase, deliver £229.5 million Gross value add (GVA) to the local economy and will create up to 313 additional jobs once built. Phase one will see the development of a portion of the residential element of the scheme comprising build-to-rent housing.

I would like to thank Howard, Rupert and Anabelle at Ingenious for their flexible approach and proactivity in getting this facility over the line. It’s always exciting to follow the progress and build of a project like this right to the end to project completion and I’m delighted to have played a pivotal role in helping it get there.

Daniel Sovitch

Director of Life Financial Solutions

My family has owned this site for over 20 years, bringing forward our vision of regenerating the Old Cinema site. We are very pleased to have worked with both Daniel and Howard to secure financing for the site and I am excited to start construction.”

Adil Naeem

Boleyn Height

Ingenious Real Estate continues to secure deals with, amongst others, loans totalling £26 million to support the development of 55 new-build family homes in Somerset and Devon; an industrial loan in Battersea, South West London for planning for a modern 8-unit warehouse & logistics scheme spanning over 30,000 square feet; a development facility to fund 48 industrial units at Magna Park near Poole; and a bridging finance deal in Felixstowe for 19 two, three and four bed houses.

We continue to see record growth year-on-year, a direct result of the fantastic team we have here at Ingenious which is continuing to expand in both size and expertise. We remain cautiously optimistic about the prospects for the real estate sector, particularly the continued demand for residential space. There has been ongoing government support to meet the acute housing shortage in the UK and we are committed to supporting real estate developers with flexible financing solutions to meet demand.

Howard Sefton

continued

Ingenious believes that the successful loan agreements represent the continued demand for residential real estate development across the UK, despite initial concerns around delays to construction as a result of COVID-19.

Formed in 2013, Ingenious Real Estate focuses on providing senior development and bridging finance to well-designed schemes in locations across the UK that have a proven demand. Typical loan terms are 18-30 months, and the team has since completed more than £600 million worth of transactions. The current portfolio balance is weighted towards residential, with the majority of Ingenious developments qualifying for Help to Buy.  

It’s been another hugely competitive field of entries for this year’s Growth Investor Awards, hosted by Intelligent Partnership. With the standard so high, it’s exciting that The Ingenious Group has secured a spot as one of the finalists for both ‘Industry Game Changer’ sponsored by MICAP and ‘Best New Product or Service’ sponsored by Mainspring.

Now in its eighth year, the Growth Investor Awards is a key event in the investment industry calendar. The awards celebrate the companies and individuals who go above and beyond to support the UK’s growing businesses, and in doing so create jobs, boost economic growth, and support innovation.

About the awards

The ‘Best New Product or Service’ award sponsored by Mainspring celebrates growth investment providers that have introduced innovative new products or services to the market since 6th April 2020. The judges will assess the overall impact of the innovation based on its effect on funding volumes, value for investee companies, challenges overcome, customer feedback, and business impact. To get to the final itself is an achievement, and the Ingenious Group will compete for the top award alongside two other impressive finalists:

The ‘Industry Game Changer’ award  sponsored by MICAP celebrates any outstanding individual, company, product or platform provider that has demonstrably changed practice, perception or engagement in the tax-efficient investment industry.

The Ingenious Group will compete for the award alongside four other finalists:

We are delighted to have supported the development of an innovative low-carbon focussed site, providing sustainable homes with lower operating costs for buyers. This deal complements our growing portfolio of low-carbon developments and we’re proud to continue providing flexible financing solutions for sustainable projects while maintaining our commitment to our investors. Low operating cost homes have never been more vital for buyers, and we will continue to source exciting new low-carbon focussed developments in the coming months.

Tom Brown

Managing Director of Real Estate at Ingenious

The Growth Investor Awards 2022

Reflecting how far the industry has come in recent years, the Growth Investor Awards are bigger than ever this year. With 28 categories and more than 80 opportunities to win an accolade. The awards will be celebrated with a gala dinner at the prestigious London Hilton Park Lane on the evening of November 24th.

I would like to thank Howard, Rupert and Anabelle at Ingenious for their flexible approach and proactivity in getting this facility over the line. It’s always exciting to follow the progress and build of a project like this right to the end to project completion and I’m delighted to have played a pivotal role in helping it get there.

Daniel Sovitch

Director of Life Financial Solutions

My family has owned this site for over 20 years, bringing forward our vision of regenerating the Old Cinema site. We are very pleased to have worked with both Daniel and Howard to secure financing for the site and I am excited to start construction.”

Adil Naeem

Boleyn Height

Award submissions will now move to a second round of judging from an independent panel of judges. All scores are collated to determine the winner and runners-up, with all finalists receiving a tailored feedback and benchmarking report offering expert insight about areas for improvement.

For further information, please visit growthinvestorawards.com

Ingenious today announces the launch of IEP Apex, a simple and cost-effective solution for any financial advisers and their clients looking to maximise the wealth they pass onto their beneficiaries.  IEP Apex is designed to take a holistic approach to estate planning by providing a unique set of benefits as standard, including: 

We’ve been working with financial advisers to understand what they and their clients want from an estate planning service: capital protection, steady returns, immediate IHT effectiveness and low costs are their priorities. IEP Apex has been created as a new type of estate planning service to meet their needs, building on one of the top-performing and lowest-cost services in the sector to deliver what we believe is exceptional value for money.

Neil Forster

CEO at Ingenious

IEP Apex focuses on protecting capital via a lending strategy secured against high-quality assets with a low correlation to public markets. This strategy can reduce volatility in investment returns and aims to benefit from long-term growth ahead of inflation. 

IEP Apex makes things simple for financial advisers and their clients by providing complimentary insurance cover from day one to settle any IHT liability arising during the two-year Business Relief-qualifying period as well as providing access to a complimentary care advisory service. 

While investment managers have historically always charged investors for insurance cover and peace of mind, Ingenious is proud to make both insurance cover and access to the care service available as standard, creating a new type of estate planning service.

About IEP Apex

IEP Apex will become the fifth service in the Ingenious Estate Planning family. All IEP services offer investors flexible access to their investment, subject to the terms of the investment agreement, as well as the benefits of the complimentary IEP Care Service. In June 2021, for the second year running, the services were ranked second most competitive in the market for cost over a five-year period, while the Private Real Estate strategy was also ranked number one for the second year running for overall return over a five-year period1.

Protecting the value of clients’ investments

IEP Apex operates an asset-backed lending strategy to reduce risk and protect investors’ capital while seeking to carefully deliver predictable long-term returns.  An investment in IEP Apex can be expected to have a low correlation to public markets, an important consideration for diversification of an investment portfolio.

Insuring against any liability to IHT

IEP Apex keeps things simple.  Investors achieve immediate peace of mind by no longer having to wait two years for their investment to qualify for Business Relief, or longer with other strategies. If an investor were to die during the two-year qualifying period, their liability to IHT is settled via the insurance cover, providing peace of mind from day one – why should an investor take the risk of waiting two years for Business Relief when they can achieve the same effect immediately, on day one?

From year three onwards, the investment should qualify automatically for Business Relief, meaning that the investor should face no charge to IHT at any point post investment.

Providing access to care planning

Investors automatically receive access to the complimentary IEP Care Service, an advisory service that enables them to plan both practically and financially for potential care needs before they become a reality. This feature also comes as standard as part of this new type of service.

Keeping costs low

Historically, investment managers have charged investors more money for additional services such as insurance cover and access to care advice.  With the new IEP Apex service, financial advisers and their clients no longer need to decide between tax effectiveness or cost as IEP Apex provides complimentary insurance cover and access to complimentary care advice as part of the service.

Confirming compliance with Business Relief regulations

Ingenious has many years’ experience establishing and monitoring Business Relief-qualifying investments and to date every single investor has benefited from the Business Relief expected.  In addition to Ingenious’ ongoing monitoring, all of our IEP services further benefit from an independent annual review to provide comfort that the service remains Business Relief compliant.  Just another example of our unique service.

1Tax Efficient Review, June 2021.  IEP Private Real Estate has been ranked number 1 for two years running for total returns over a five-year period.

2Tax Efficient Review, June 2021.  The IEP services have been ranked number 2 for two years running for total cost over a five-year period.

Ingenious Real Estate is now focused on supporting more sustainable commercial and residential property schemes in the UK following the latest funding commitment from Shawbrook.

The London-based investment manager, part of the Ingenious Group, is aiming for net-zero developments to account for 25 per cent of its portfolio by December this year and has secured a new £35 million revolving credit facility from Shawbrook Bank to originate sustainable opportunities.

Founded in 2014, Ingenious Real Estate provides debt and equity capital to experienced, mid-market developers in the residential, commercial and mixed-use sectors. To date, its team has provided loans worth £500m and supported the completion of 2,400 units.

The firm recently provided a £19m loan to developer Citu to support the development of the Climate Innovation District (CID) in Leeds city centre – the UK’s first low carbon urban neighbourhood. More than 800 homes will be built in four phases using a timber-framed system designed to reduce carbon emissions at each stage of development.

Sustainability sits at the heart of our investment strategy and we want to support those innovative, cutting edge projects that will be vital in pushing the boundaries of sustainable development as we aim for net-zero.

The Leeds Climate Innovation District represents a landmark development project in the UK and this revolving credit facility from the Speciality Finance team at Shawbrook will enable us to support more such schemes, while driving further growth in our real estate development and bridging finance business.

Howard Sefton

Investment Director at Ingenious Real Estate

We share the same values as Ingenious in supporting ambitious developers to deliver innovative and sustainable schemes. This credit facility will provide Ingenious with the flexibility it needs to serve their clients’ complex funding needs.

We have a long-standing relationship with Ingenious and look forward to seeing the experienced team support more progressive schemes on the scale of the Leeds CID.

Luke Randell

Associate Director at Shawbrook Bank