StreamBank has, from Monday 13th January, launched the StreamLine Bridging Product designed to meet the needs of intermediaries and clients seeking larger residential bridging loans.
With rates starting at 0.65% per month, StreamBank introduced this product as an enhancement of its residential bridging offering, catering to loan sizes between £500,000 and £1.5m, up to a maximum of 65% LTV.
Targeting high-value, clean-credit cases, the product introduces straight-through processing for properties valued at up to £1m using automated valuation models (AVMs) and up to £2m with desktop valuations.
This offering is aimed at clients with clean credit histories seeking bridging finance for high-value residential properties.
Roz Cawood (pictured), managing director of lending at StreamBank, said: “The launch of our StreamLine Bridging Product signals that we’re starting the year on a high.
“By offering highly competitive rates and streamlining the application process for larger, high-quality cases, we’re delivering a solution tailored to the evolving needs of the market.
“With rates starting 5bps lower than our current best product and flexible valuation options, this product will give brokers greater confidence in offering fast, reliable bridging solutions to their clients.”
