Designing a market-leading regulated bridging product is top of the bank's agenda
Norton Broker Services has been appointed to the panel of StreamBank, helping the new bridging and development finance lender to launch its regulated bridging proposition to market.
StreamBank is a new specialist bank, having been granted full authorisation in February of this year. The bank was founded to serve specialist property and savings customers with the best financial solutions, through the combination of experience, judgement and a desire to find a solution. It will provide a range of short to medium term funding solutions initially in bridging and development finance, together with commercial mortgages.
Sonny Gosai, senior sales & development manager at Norton Group, said: “At Norton Broker Services, we know how important it is to work in close partnership with lenders to help secure the best outcomes for our brokers and their clients. This approach is vital on individual cases, but it often starts earlier than that, during the proposition development process. Having worked closely with StreamBank during its pilot, we’re excited about the launch of this new lender and already have loan completions with them. We’re really happy to be one of a small number of specialist distributors able to give brokers access to StreamBank.”
Roz Cawood, Managing Director, Property Finance, at StreamBank, commented: “Designing a market leading regulated bridging product was top of our agenda when we were creating the bank. However, rather than build the product in isolation we enrolled the help of our closest brokers to help improve our process and explain what levels of service they and their customers demand. Norton’s insight was extremely valuable in building out our use of technology and the services we offer from our professional partners.
“We are now confident we have a product that offers brokers and customers a great price, alongside a quick and easy process, that will allow us to cement our reputation as the go-to lender for regulated bridging.”
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