StreamBank has reduced its bridging rates, with loans now starting from 0.59%, as the bridging, development and commercial lender positions for a year of growth.
The lender has also enhanced its AVM and desktop valuation criteria.
It will now consider AVMs up to 75% in certain circumstances, as well as offering desktop valuations on properties up to £2m.
StreamBank managing director of property finance Roz Cawood says: “Bridging finance continues to play an important role in helping brokers and investors move quickly when opportunities arise, and we expect to see further growth in activity over the coming year.”
“By reducing our rates and increasing the property values we will lend against, we are giving brokers greater flexibility when structuring deals for their clients.”
In January, StreamBank appointed Lorenzo Satchell as national account director.
