Products: Details & Rates
Masthaven focuses on providing its products at market leading prices.
The reason we are highly competitive with our pricing is because we are an owner managed business without any pressure from external investors.
Key reasons to use Masthaven.
- One low rate of 1.25% per month for all residential first charge lending irrespective of LTV, property types and status.
- First charge lending on commercial property at 1.45% per month
- LTV based on a combination of open market value and
purchase price - No exit fees
- Low legal fees
- Valuation and legal fees at cost
- Daily interest
- Most security considered, including residential and commercial
- 100% LTV available in many situations.
The terms set out below apply to 95% of our loans, occasionally they are altered but only in unusual circumstances. |
1st Charge Lending
| 1st Charge Lending | |||
| Loan Duration | 1-12 Months | ||
| LTV | 75% or 90% of purchase price (whichever the lower) | ||
| Monthly Interest Rate - Residential | 1.25% | ||
| Monthly Interest Rate - Commercial | 1.45% | ||
| Arrangement Fee | 1% - 2%. | ||
| Valuation Fee | See PDF's documents below | ||
| Legal Fee | See PDF's documents below | ||
2nd Charge Lending
This is identical to 1st charge lending apart from the following:
| 2nd Charge Lending | |||
| LTV | 65% - 70% | ||
| Monthly Interest Charge | 1.5% | ||
Mixture of First and Second Charge Lending
A number of our clients have significant equity in either their home or a second property.
Therefore Masthaven will happily provide 100% of the funding required by taking a first charge on the property being purchased and a second charge on the additional security.
