StreamBank added to Loans Warehouse’s lender panel
StreamBank has joined Loans Warehouse’s panel of bridging lenders, which will allow the group to reach more customers with its products.
Wales-based StreamBank offers both regulated and unregulated bridging finance, offering short-term financing of up to £5m with terms of up to 24 months.
Intermediaries on Loans Warehouse, such as MAB and Finova Mortgage Club, will now be able to access StreamBank’s bridging products.
“It’s important to us at StreamBank, that we provide bridging finance that offers both the solution and the service that brokers and clients expect,” said Roz Cawood, managing director, property finance. “Working in partnership with Loans Warehouse and utilising their strong reputation in the market will be a win-win for both parties.”
Read more: Lenders forecast more demand for bridging loans
StreamBank received its full UK banking license in February this year. The group provides short to medium term funding between £250,000 and £5m to the specialist property market.
Matt Tristram, co-founder of Loans Warehouse added: “StreamBank is a great addition to our extensive lending panel, offering regulated bridging finance up to 75% LTV, and offer some of the lowest rates in the market. StreamBank has a range of products that accept AVMs (or Desktop valuations) so this is a great speed incentive.”
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