Lakeshield launches new single-rate residential bridging product

Lakeshield has launched Flow, a new residential bridging product offering loans from £100,000 to £750,000, with all eligible loans priced at 0.75% per month.

Flow is available for purchases, capital raising and refinances at up to 65% LTV, with terms of up to 12 months.

The product is designed for standard residential investment assets: houses between 700 and 2,000 sq ft, flats between 400 and 1,250 sq ft, HMOs with up to six bedrooms, and MUFBs valued on a block basis.

The product is available to UK borrowers only, and eligible properties must be situated in a town or city within England, Wales or Scotland.

New-build properties are accepted, with no new-build premium applied to the valuation.

“Uncertainty of rate is one of the biggest frustrations that brokers face when trying to place a case,” said Daniel Rodney, co-founder of Lakeshield (pictured above).

“With Flow, we have built a product where brokers know the rate that an eligible case will get: 0.75% per month. That is what certainty looks like in practice.”