Related topic: Bridging

The Bank has announced several new hires in its underwriting department.

The new internal BDMs will cover the Manchester and Hertfordshire areas.

Sesame members will now have access to Market Financial Solutions’ range of residential bridging loan and buy-to-let mortgage products.

Rates now start from 0.64% for residential bridge and light refurbishment products.

The lender has removed its maximum loan size and reduced rates across its Bridge Fusion range.

The lender also plans to launch Core Plus, a new offering targeted at borrowers just outside traditional institutional criteria.

The lender's first institutional facility will support the next stage of its growth following its launch in 2023.

The lender has reduced rates across its bridging products while increasing its maximum loan sizes.

Lawton will be responsible for launching and overseeing the bank’s bridging proposition which will be available in the coming months.

Roz Cawood, managing director of property finance at StreamBank, explores how market shifts in the holiday let market are creating opportunities for specialist lenders and advisers.