StreamBank delivers £225K bridging loan in just 15 working days for Scottish customer

10 December 2024

StreamBank has completed its fastest deal in Scotland to date, delivering a £225K regulated bridging loan in just 15 working days.

The funding was secured against the borrower’s current residence in Pathhead, which is currently listed for sale, and was used to raise capital toward the purchase of a new home.

This transaction represents StreamBank’s commitment to expanding its footprint in Scotland, where the lender has recently begun operating. The team worked in close collaboration with McVey & Murricane Solicitors to navigate Scotland’s distinct legal conveyancing processes, ensuring a smooth and efficient journey for the client.

The application was submitted, and funds were disbursed within a few weeks. StreamBank’s proactive approach involved identifying necessary documents from day one, swiftly instructing a valuation, and working collaboratively with underwriting to review and approve the application within an hour, subject to valuation.

Allan Radlow, Senior Partner at McVey & Murricane, said:

“At McVey & Murricane Solicitors, we are committed to delivering seamless legal support tailored to the unique requirements of the Scottish property market. Collaborating with StreamBank on this transaction demonstrated how a proactive and efficient approach can achieve outstanding results.

“Completing the legal process for a £225K bridging loan in 15 working days reflects the strong partnership and shared commitment to client satisfaction. We are proud to have supported StreamBank in expanding its footprint in Scotland and look forward to working together on future innovative solutions.”

Jamie Smith, Business Development Manager for StreamBank, commented:

“Completing a £225K facility in just 15 working days highlights the efficiency and agility of our process, particularly in a new market for us like Scotland. This case showcases our ability to deliver swift solutions tailored to our customers’ needs. By working closely with McVey & Murricane Solicitors, we demonstrated how effectively we can navigate Scotland’s unique legal landscape, ensuring a flawless experience for the client.

“We are proud to expand our presence in Scotland and hope this case inspires brokers and clients north of the border to consider StreamBank for their lending needs. Whether it’s a bridging loan or another specialist product, we are ready to deliver fast and reliable solutions.”