The changes have been made in order to support growth of the company’s lending business, as well as better align itself with the current market landscape, said StreamBank.
Rates now start from 0.70% per month for loans with an LTV of 50% or below, while for LTVs between 60 -70%, rates have dropped to 0.79% pm and between 70-75% LTV rates have been reduced to 0.84% per month.
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The company has also expanded its lending limit to £1.5m for borrowers with an LTV between 70% and 75%.
Commenting on the changes, Roz Cawood (pictured above), managing director of property lending at StreamBank said: “These pricing changes underscore StreamBank’s strategic initiative to align our offerings with the regulated bridging market's dynamics and to support the growth of our lending business.”
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