StreamBank has reduced rates across its bridging range and widened its valuation criteria as it looks to grow lending volumes in the year ahead.
The lender said pricing now starts from 0.59%, while its updated criteria will allow automated valuation models up to 75% loan to value in certain cases and desktop valuations on properties worth up to £2 million.
StreamBank said the changes are intended to strengthen its proposition for brokers and professional property investors as demand across the bridging market remains firm.
The move follows a broader update to the lender’s product range in recent months, including what it described as a simpler product structure aimed at making its bridging offering easier for brokers to navigate and place.
The bank also pointed to its use of automated valuation models, title insurance and in-house underwriting across both regulated and unregulated bridging cases, which it said can help progress transactions more quickly.
That is likely to matter in a market where brokers are dealing with increasingly structured cases, particularly where planning delays, revised exits and tighter credit conditions are affecting transaction times.
Alongside the product and criteria changes, StreamBank has also added to its property finance team this year. Recent appointments include Lorenzo Satchell as national account director, Kendyl Binnie as business development manager and Denise Davies as senior underwriter.
Roz Cawood, managing director, property finance at StreamBank, said: “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.”
