StreamBank has joined Loans Warehouse’s panel of bridging lenders, which is able to enable the group to succeed in extra clients with its merchandise.
Wales-based StreamBank presents each regulated and unregulated bridging finance, providing short-term financing of as much as £5m with phrases of as much as 24 months.
Intermediaries on Loans Warehouse, similar to MAB and Finova Mortgage Membership, will now be capable to entry StreamBank’s bridging merchandise.
“It’s vital to us at StreamBank, that we offer bridging finance that provides each the answer and the service that brokers and shoppers anticipate,” mentioned Roz Cawood, managing director, property finance. “Working in partnership with Loans Warehouse and utilising their robust popularity available in the market shall be a win-win for each events.”
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StreamBank obtained its full UK banking license in February this 12 months. The group offers quick to medium time period funding between £250,000 and £5m to the specialist property market.
Matt Tristram, co-founder of Loans Warehouse added: “StreamBank is a good addition to our in depth lending panel, providing regulated bridging finance as much as 75% LTV, and supply a number of the lowest charges available in the market. StreamBank has a variety of merchandise that settle for AVMs (or Desktop valuations) so this can be a nice pace incentive.”
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