"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."
- Roz Cawood, managing director of lending at StreamBank
StreamBank has launched a new StreamLine bridging product designed to meet the needs of intermediaries and clients seeking larger residential bridging loans, via a quicker approval process.
With rates starting at 0.65% per month, the product caters to loan sizes between £500,000 and £1.5 million, 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 £1 million using automated valuation models (AVMs) and up to £2 million with desktop valuations.
StreamBank, which received its full banking licence in 2023, will provide property finance solutions between £250,000 and £5 million, to support property developers, small and medium-sized businesses, individuals, and house builders.
Roz Cawood, managing director of lending at StreamBank, commented: “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.”
