StreamBank provides £454,790 bridging loan for holiday let purchase

The borrower, a South West property investor, was seeking to secure a high-yielding holiday let opportunity in a popular coastal location.

Due to the fast-moving nature of the transaction and competitive bidding environment, they required a rapid completion with funding in place within 14 days.

Using a hybrid valuation approach combining desktop and AVM valuations, StreamBank structured the facility as a multi-security loan secured against three residential assets.

Funding was delivered at 61% LTV at a rate of 0.74% per month, supported by a £1,000 legal fee contribution through the StreamEdge product.

Roz Cawood, managing director of lending at StreamBank (pictured above), commented: “This deal brought together all the key ingredients that StreamEdge was built for: tight deadlines, strong client profiles and complex structuring.

“By working closely with the broker and using a flexible valuation strategy, our team turned around the case in record time without compromising on quality.

“It’s a brilliant example of how we combine speed with service to deliver for brokers and their clients.”