StreamBank has introduced its new StreamEdge bridging finance product, offering rates from 0.66% per month alongside title insurance and a £1,000 contribution towards legal fees.
StreamEdge is available for both regulated and non-regulated loans, covering residential, semi-commercial, and commercial properties up to 65% loan-to-value (LTV). Loan amounts range from £400,000 to £1 million net.
The product has several restrictions. It does not permit drawdowns, re-bridges, or applicants with adverse credit. Additionally, only light internal refurbishment work is allowed under the terms of the offering.
Founded in 2023, StreamBank positions itself as a responsive lender in the bridging finance space, with a focus on efficient processes. The firm highlights its access to underwriters and simplified decision-making structure as key enablers of speed throughout the application journey.
“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,” said Roz Cawood (pictured), managing director of lending at StreamBank. “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.”
