Lakeshield launches Flow residential bridging product with single 0.75% rate
The product is available for purchases, capital raising and refinancing up to 65% loan-to-value (LTV), with terms up to 12 months.
Lakeshield has launched Flow, a single-rate residential bridging product for the UK market.
Flow offers loans from £100,000 to £750,000, with all eligible loans priced at 0.75% per month.
The product is available for purchases, capital raising and refinancing up to 65% loan-to-value (LTV), with terms up to 12 months.
Flow is aimed at standard residential investment properties, including houses between 700 and 2,000 square feet, flats between 400 and 1,250 square feet, houses in multiple occupation (HMOs) with up to six bedrooms, and multi-unit freehold blocks valued on a block basis.
Properties must be in towns and cities across England, Wales and Scotland.
New-build properties are accepted without a new-build premium.
The product is open to UK borrowers only.
Daniel Rodney (pictured), co-founder of Lakeshield, said: “Uncertainty of rate is one of the biggest frustrations that brokers face when trying to place a case.
“With Flow, we have built a product where brokers know the rate that an eligible case will get: 0.75% per month. That is what certainty looks like in practice.”
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