Lakeshield has introduced a residential bridging product with a flat monthly rate, as lenders continue to compete on clarity as well as speed in the short-term property finance market.
The London-based lender said its new product, called Flow, will offer eligible loans at 0.75% a month, with borrowing available from £100,000 to £750,000.
The product is available for purchases, capital raising and refinancing, with terms of up to 12 months and loan-to-value limits of up to 65%.
Lakeshield said Flow is aimed at standard residential investment property, covering houses of between 700 and 2,000 sq ft, flats of between 400 and 1,250 sq ft, houses in multiple occupation of up to six bedrooms, and multi-unit freehold blocks valued on a block basis.
Eligible properties must be in towns and cities across England, Wales and Scotland. New-build homes are also included, with no additional premium applied to the valuation. The lender said the product is open to UK borrowers only.
The launch reflects a continued focus among bridging lenders on making pricing easier for brokers to understand at the outset of a case, particularly at a time when product structures and rates can vary widely depending on property type, location and borrower profile.
Daniel Rodney (pictured), co-founder of Lakeshield, says: “Uncertainty of rate is one of the biggest frustrations that brokers face when trying to place a case.”
“With Flow, we have built a product where brokers know the rate that an eligible case will get: 0.75% per month. That is what certainty looks like in practice.”
Lakeshield was established in 2021 and focuses on bridging finance across residential and commercial property, as well as refurbishment lending and auction finance. The lender says it aims to combine rapid decision-making with flexible underwriting and direct access to senior management for brokers handling more complex cases.
For brokers, the attraction of a product such as Flow is likely to be its simplicity. Rather than requiring a case-by-case pricing conversation on standard residential investment assets, the lender is attempting to give intermediaries a clearer route to quoting terms and assessing whether a deal is viable before entering a longer underwriting process.
That could prove particularly relevant in a market where certainty, alongside speed of execution, remains one of the main factors in winning business.
