StreamBank has unveiled a refreshed product suite, giving brokers three clear groups of bridging loans: residential, commercial and refurbishment. The bridging lender said that the new structure responds to broker feedback calling for a cleaner layout of criteria and product purpose. Residential loans are available from £100,000 to £3m, with options for both FCA regulated and unregulated cases, at terms up to 12 months and 18 months respectively. The commercial range covers quick purchases, change of use and modest works, while the refurbishment suite spans both light and heavy projects.

Zephyr Homeloans has increased its procuration fees for brokers from 0.5% to 0.7% gross. The buy-to-let mortgage lender added that it has also reduced rates on all its five-year fixed mortgage products by 10 basis points. As a result, Zephyr is now offering 4.24% on a five-year fixed mortgage, while its two-year fixed standard mortgage starts from 2.39%, both at up to 75% LTV with a 7% fee. The BTL lender has also made some limited-edition mortgage products available with a 5% fee, starting from 3.04% and 4.50% on two and five-year fixes respectively.

CHL Mortgages for Intermediaries has reinforced its upper LTV proposition by launching new limited edition 75% and 80% LTV fixed rate products across single dwelling and HMO property types. The specialist lender has strengthened its 80% LTV by adding a range of new two and five-year fixed rate products. Rates now start from 3.35% and 4.84% for two and five-year fixed rates respectively, with a choice of 2% or 5% fee options. The lender has also bolstered its 75% LTV offering with a number of new five-year fixed products. With a choice of 2%, 3.5% and 5% fee options, the products complement the existing 75% LTV range which includes a limited edition 7% fee option at 4.34%.

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