StreamBank unveils new StreamLine product

Published on

StreamBank has launched its new StreamLine bridging product for those looking for larger residential bridging loans, via a quicker approval process.

Rates start at 0.65% per month for 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.

This new offering is suited to clients with clean credit histories seeking bridging finance for high-value residential properties.

Roz Cawood (pictured), managing director of lending at StreamBank, said: “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.”

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

Brokers warn of rising underinsurance as premiums outpace protection

A growing number of brokers fear that more households are falling into underinsurance as...

The Exeter appoints new company secretary

The Exeter has named Karen Senior as its new company secretary, following the retirement...

Nationwide unveils affordability boost for remortgage customers

Nationwide Building Society has introduced enhanced affordability criteria for remortgage customers taking out a...

UTB funds £2.8m residential deal for Oast Investments

United Trust Bank’s structured property finance division has completed a £2.8m residential investment loan...

Why every mortgage client needs a will and how brokers can help protect homes from fraud

With Financial Awareness Day on 14 August Royal London is warning that too many...

Latest publication

Latest opinions

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Other news

Brokers warn of rising underinsurance as premiums outpace protection

A growing number of brokers fear that more households are falling into underinsurance as...

The Exeter appoints new company secretary

The Exeter has named Karen Senior as its new company secretary, following the retirement...

Nationwide unveils affordability boost for remortgage customers

Nationwide Building Society has introduced enhanced affordability criteria for remortgage customers taking out a...