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.”