Masthaven unveils large loan bridging proposition
Masthaven has launched a ‘bridging plus’ proposition for loans over £750,000.
Rates for these bringing loans start from 0.48% up to 50% loan-to-value, 0.58% to 60% LTV, 0.68% to 65% LTV and 0.78% to 70% LTV.
Masthaven said the loans will be priced flexibly on a case-by-case basis.
James Bloom, managing director of short-term lending, Masthaven, said: “It may only be a year since Masthaven Bank launched, but we have a rich heritage in the property loans market and have quickly built a reputation for being a bank that listens to the needs of customers and advisers.
“The launch of this new larger loans bridging product renews our commitment to introducing inventive solutions that address gaps in the bridging market and meet the ambitions of borrowers up and down the country.
“Not only does it offer our broker partners leading commission, but also gives them access to a team of specialists and either reduced or bespoke pricing solutions for their clients.”
Andre Bartlett, director of SPF Short Term Finance, said: “I am confident our clients will benefit from the launch of this product and I look forward to including Bridging Plus as part of our offering.”