Lakeshield launches Flow residential bridging product with single 0.75% rate
By Bridging Loan Directory
Lakeshield has launched Flow, a new residential bridging loan product offering a single rate of 0.75% per month across all eligible cases.
The London-based lender will provide loans from £100,000 to £750,000 at up to 65% loan-to-value (LTV), with terms of up to 12 months.
Flow is available for purchases, capital raising and refinances, and is designed for standard residential investment assets, including houses, flats, HMOs of up to six bedrooms and multi-unit freehold blocks (MUFBs) valued on a block basis.
Eligible properties must be located across England, Wales and Scotland. New-build properties are accepted, with no new-build premium applied to valuations. The product is available to UK borrowers only.
Daniel Rodney, Co-Founder of Lakeshield, said:
“Uncertainty of rate is one of the biggest frustrations brokers face when placing cases.
With Flow, brokers know exactly what rate an eligible deal will achieve, 0.75% per month. That is what certainty looks like in practice.”
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