Specialist lender StreamBank has launched a new bridging product, StreamEdge, offering rates from 0.66% per month and including both title insurance and a £1,000 contribution towards legal fees.

The product, which is available on a regulated and non-regulated basis, is aimed at loans secured against residential, semi-commercial and commercial property, with maximum loan-to-value capped at 65%. Loans will be offered between £400,000 and £1 million net.

While StreamEdge offers brokers and their clients a combination of pricing and speed, it is limited to cases involving light internal refurbishment only. Adverse credit, re-bridges and drawdowns are not permitted.

Roz Cawood, managing director of lending at StreamBank, said the new product was designed to help intermediaries compete more effectively in a fast-moving market.

“This new product gives brokers and their clients a triple whammy of benefits, combining speed and competitive pricing, along with a contribution towards legal fees,” she said. “We believe that StreamEdge can give brokers a competitive edge and, by providing both non-regulated and regulated loans, along with allowing loans across residential, semi commercial and commercial properties, we are giving brokers flexibility and the ability to use this product across a range of clients.”