London-based bridging lender, Lakeshield, has announced the launch of Flow, a new residential bridging product offering loans from £100,000 to £750,000, with all eligible loans priced at 0.75% per month.
Flow is available for purchases, capital raising, and refinances at up to 65% LTV, with terms of up to 12 months.
The product is designed for standard residential investment assets: houses between 700 and 2,000 sq ft, flats between 400 and 1,250 sq ft, HMOs up to 6 bedrooms, and MUFBs valued on a block basis.
Eligible properties must be situated in towns and cities across England, Wales & Scotland. New build properties are accepted with no new build premium applied to the valuation. The product is available to UK borrowers only.
Lakeshield launched in 2021 and offers funding for residential and commercial property investments, refurbishment loans, and auction finance.
Daniel Rodney, co-founder of Lakeshield, commented: "Uncertainty of rate is one of the biggest frustrations that brokers face when trying to place a case. With Flow, we have built a product where brokers know the rate that an eligible case will get: 0.75% per month. That is what certainty looks like in practice."
