StreamBank has assisted customers by using desktop valuations of properties to aid them in repaying a business loan, delivering a speedy solution in what was a complex situation.
We did this by taking the client's current residence as security and their previous property up for sale. By using desktop valuations for both properties, StreamBank was also to deliver a speedy, initiative-taking approach which was solution oriented.
Matt Dilks, broker for Clever Lending, said, “I placed a complex regulated case with StreamBank, securing a bridging loan across two residential properties via 1st and 2nd charges. StreamBank streamlined the process by using desktop valuations for both properties, one valued at £1M and the other at £2M. The £900K loan was crucial to repay the client's Ltd loan.
I worked closely with Jamie Smith, underwriter Ellie Gibbs, and Sophie Dally, alongside the client’s solicitor and financial advisor. Streambank's focus, initiative-taking approach, and deal-making instinct were invaluable in meeting the client’s tight timeline. Working with StreamBank was a pleasure, and their dedication is a rare quality among lenders in today’s market.”
Ellie Gibbs, Senior manager of second line risk for StreamBank, added, “The introduction of Desktop Valuations to our product offering has been invaluable in streamlining our customer journey. The reports are issued within 48 hours of the payment being received, which is a terrific addition to Streambank’s product offering for clients who are working towards tight deadlines.
The use of Desktop Valuations for both properties was instrumental in meeting this client’s deadline, along with the case being perfectly packaged by Matt Dilkes at Clever Lending. It is always a pleasure working with Matt and being able to pick up the phone and work together to find solutions quickly and efficiently for clients is crucial to getting deals over the line.
I was incredibly pleased to be able to help these clients and meet their deadline.”
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