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StreamBank has joined Loans Warehouse's panel of bridging lenders. The lender, which gained its full banking license in February, specialises in regulated and unregulated bridging finance, offering short-term financing of up to £5m for up to 24 months. Loans Warehouse co-founder Matt Tristram says: “StreamBank is
Precise Mortgages has launched a range of 70% loan-to-value products across its residential range, while Kent Reliance has trimmed rates and launched new landlord products. Both firms are part of listed banking business OSB Group, which also owns InterBay and Charter Savings Bank. Highlights of the changes at
Second charge lending climbed 14% in June to £144.5m, compared to the previous month, with the “market on the rise again”, according to a Loans Warehouse report. The June data was the second month in a row that second charge loans lifted, following a rise to £126.4m in May, despite Shawbrook Bank exiting this area
Second charge lending fell in April 2023 to £106m after a bumper March, according to figures reported to Loans Warehouse from second charge lenders. The drop, a not insignificant 17.7%, is considered to be isolated and largely due to April only having 18 working days (compared to 23 for March). May is expected to
The volume of second charge lending fell to £106m in April, down from £129.4m in March, but the drop is thought to be “isolated”.