Norton Broker Services unveils partnership with new short-term lender

Published on

Norton Broker Services has been appointed to the panel of StreamBank, assisting the new bridging and development finance lender with its launch into the regulated bridging market.

StreamBank is a new specialist bank, having been granted full authorisation in February of this year.

It will provide a range of short to medium-term funding solutions initially in bridging and development finance, together with commercial mortgages.

Roz Cawood, managing director of property finance at StreamBank, said: “Designing a market leading regulated bridging product was top of our agenda when we were creating the Bank. However, rather than build the product in isolation we enrolled the help of our closest brokers to help improve our process and explain what levels of service they and their customers demand. Norton’s insight was extremely valuable in building out our use of technology and the services we offer from our professional partners.

“We are now confident we have a product that offers brokers and customers a great price, alongside a quick and easy process, that will allow us to cement our reputation as the go-to lender for regulated bridging.”

Sonny Gosai (pictured), senior sales & development manager at Norton Group, added: “At Norton Broker Services, we know how important it is to work in close partnership with lenders to help secure the best outcomes for our brokers and their clients. This approach is vital on individual cases, but it often starts earlier than that, during the proposition development process.

“Having worked closely with StreamBank during its pilot, we’re excited about the launch of this new lender and already have loan completions with them. We’re really happy to be one of a small number of specialist distributors able to give brokers access to StreamBank.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Other news

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...