StreamEdge is accepted on both a non-regulated and regulated basis across residential, semi-commercial and commercial properties but is not available for drawdowns, borrowers with adverse credit or re-bridges. Only light internal works are allowed.
The deal comes with a £1,000 legal fee contribution and title insurance.
Roz Cawood (pictured), managing director of lending at StreamBank, said: “This new product gives brokers and their clients a triple whammy of benefits, combining speed and competitive pricing, along with a contribution towards legal fees.
“We believe that StreamEdge can give brokers a competitive edge and, by providing both non-regulated and regulated loans, along with allowing loans across residential, semi-commercial and commercial properties, we are giving brokers flexibility and the ability to use this product across a range of clients.”
Last month, the bridging lender – which was founded in 2023 – added title insurance to its bridging cases up to £2m to help secure faster completions and greater certainty for brokers and customers.
Episode 1: First-time buyers : Powered by Partnership podcast from Newcastle for Intermediaries
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