StreamBank has introduced a revamped product suite to provide three groups of bridging loans after brokers called for a cleaner breakdown of criteria and product purpose.
The new groups are: residential, commercial and renovation.
Residential construction remains the core of the range and now covers both standard cases and renovation needs.
Loans are available from £100,000 to £3 million, with options for both regulated and unregulated cases by the Financial Conduct Authority.
The range supports terms of up to 18 months for non-regulated loans and up to 12 months for regulated loans.
StreamBank accepts first charges, as well as combined first and second charges, and offers up to 75% loan-to-value (LTV) for home security in England, Wales and Scotland.
Brokers will continue to have access to an expedited route for eligible cases.
The commercial offer includes quick purchases, change of use and modest works, while the renovation package includes both light and heavy projects. The heavy option includes financing based on LTGDV for more complex schemes.
Roz Cawood, director of real estate lending at StreamBank, said: “Our new improved range follows direct feedback from our broker partners, who said clearer groups would help them place business faster.”
“The new structure keeps things simple and makes our range more user-friendly, giving brokers the tools they need to provide clients with a range of solutions, whether reshaping a portfolio, returning to a development program or seeking quick funding to realize their market ambitions.”