StreamBank has announced the launch of its new StreamEdge bridging product which combines a £1,000 legal fee contribution, title insurance and rates starting from 0.66% per month.
StreamEdge is available on both a non-regulated and regulated basis across residential, semi-commercial and commercial properties up to 65% LTV.
The product is available on loans between £400,000 and £1m net. Drawdowns, adverse credit and re-bridges aren’t accepted, and only light internal works are allowed.
Roz Cawood (pictured), managing director of lending at StreamBank, commented: “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.
“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.”
