The product is designed as an enhancement of the bank’s residential bridging offering by catering to loan sizes between £500,000 and £1.5m, up to a maximum of 65% LTV, while rates start at 0.65% per month.
Aimed at targeting high-value, clean-credit cases, the product has introduced straight-through processing for properties valued at up to £1m using AVMs and up to £2m with desktop valuations.
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Roz Cawood, managing director of lending at StreamBank, commented: “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.”
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