Related topic: Bridging

The lender has introduced a new minimum loan size of £50,000 and a lower admin fee of £195.

The product enables borrowers to access funds in staged drawdowns, so they only pay interest on the amounts they actually draw.

Criteria changes include a new price band in the non-regulated residential first charge range.

The lender is aiming to drive the growth and development of its offering through a combined offering.

Mike Says, CEO at GB Bank, says brokers want lending partners that are able to combine swift decision-making with flexible, case-by-case underwriting.

New Leaf member firms can now access StreamBank's bridging, development and commercial lending ranges.

The partnership will give Connect’s ARs access to StreamBank’s bridging proposition.

The data paints a picture of a stabilising market, following the surge in activity at the beginning of the year.

The range allows large portfolios to be consolidated under a single loan at a lower annual rate.

Glenhawk will also offer second charge bridging loans on its regulated prime product, capped at 70% LTV.