StreamBank has overhauled its bridging proposition, introducing a simplified three-part structure designed to make case placement easier for brokers.
The bank’s refreshed suite now groups loans into residential, commercial and refurbishment categories, following feedback from intermediary partners who sought clearer distinctions across criteria and product purpose.
Residential remains the core of the range and incorporates both standard cases and those requiring refurbishment.
Loan sizes run from £100,000 to £3 million, with options across both FCA regulated and unregulated markets. Terms extend to up to 18 months for unregulated cases and up to 12 months for regulated cases.
StreamBank continues to lend on first charges, as well as combined first and second charges, and will advance up to 75% LTV on residential securities throughout England, Wales and Scotland.
The lender also retains a fast track route for suitable cases. Automated valuations and desktop reports may be used where appropriate to shorten approval times, while dual legal representation remains available.
There are no early repayment charges and no monthly repayments, with interest calculated daily. All cases must demonstrate a clear and viable exit strategy.
The commercial range is positioned for quick purchases, change-of-use projects and modest works. The refurbishment suite spans light and heavy options, with the heavy tier offering funding based on LTGDV for more complex schemes.
Roz Cawood, managing director of property lending at StreamBank, said: “Our new enhanced range follows direct feedback from our broker partners who said clearer groups would help them place cases more quickly.
“The new structure keeps things simple and makes our range easier to use, providing brokers with the tools they need to deliver clients a range of solutions, whether it’s reshaping a portfolio, returning to a development scheme or seeking quick finance to realise their market ambitions.
“We look forward to building on the strong relationships we already have and establishing many more, once brokers have tried the new range.”
