Masthaven Bridging Finance, the FSA regulated award winning bridging lender, has increased their maximum bridging loan size to £5,000,000.
The large short term loans are for residential purchases and remortgages and are available throughout England and Wales. The maximum LTV on these larger loans is 65% with the rate and fees amongst the most competitive within the industry.
With no upfront administration fees payable, combined with daily interest and no exit fees, this product is sure to be very popular amongst introducers looking for that larger short term funding requirement.
With funding available and their continued success in the short term lending arena, Masthaven have added yet another string to their bow.
Richard Deacon, Sales and Marketing Director commented “Masthaven is going from strength to strength. This latest addition to our offering just proves that we are growing in all the right areas. The investment from The William Pears Group has really boosted our appetite to lend, and the fact that we can now lend up to £5,000,000 on residential property at up to 65% is a huge plus for myself and the rest of the sales team”