StreamBank has introduced a refreshed product suite to provide three groups of bridging loans after brokers called for a cleaner layout of criteria and product purpose.
The new groups are: residential, commercial and refurbishment.
Residential remains the core of the range and now covers both standard cases and refurbishment needs.
Loans are available from £100,000 to £3 million, with options for both Financial Conduct Authority regulated and unregulated cases.
The range supports terms of up to 18 months on unregulated loans and up to 12 months on regulated loans.
StreamBank accepts first charges, as well as combined first and second charges, and offers up to 75% loan-to-value (LTV) for residential security across England, Wales and Scotland.
Brokers continue to have access to a fast track route for suitable cases.
The commercial range covers quick purchases, change of use and modest works, while the refurbishment suite spans both light and heavy projects. The heavy option includes financing based on LTGDV for more complex schemes.
StreamBank managing director of property lending Roz Cawood says: “Our new enhanced range follows direct feedback from our broker partners who said clearer groups would help them place cases more quickly.”
“The new structure keeps things simple and makes our range easier to use, providing brokers with the tools they need to deliver clients a range of solutions, whether it’s reshaping a portfolio, returning to a development scheme or seeking quick finance to realise their market ambitions.”
