Spring Finance – Timeline

Masthaven Finance, founded by Andrew Bloom, established itself as a specialist in property finance, offering tailored lending solutions and building a reputation for flexibility and customer focus.

10 January 2005

23 February 2011

Spring Finance was founded by Stuart Epstein, positioning itself as a specialist lender in the second charge mortgage market.

In 2011, the company attracted significant investment from the William Pears Group, a high profile investment firm, which facilitated its growth and expansion.

23 March 2011

23 November 2014

Spring Finance achieved a significant milestone by securing its first senior bank funding line with Macquarie Bank.

Masthaven Finance was ranked 81st in The Sunday Times Virgin Fast Track 100, an annual league table that recognises Britain’s 100 private companies with the fastest-growing sales over their latest three years.

23 December 2015

23 April 2016

Masthaven Finance was granted a full UK banking license, enabling the company to expand its offerings to include specialist property finance, mortgage lending, and a digital retail savings solution.

Masthaven was ranked 240th in the Financial Times list of the fastest growing company in Europe.

23 April 2017

23 July 2018

Spring Finance secured an additional senior bank funding line with NatWest to further support its growth plans.

Värde Partners, a global alternative investment firm, made a strategic £60m equity investment in Masthaven. This investment aimed was to buy out existing shareholders and to enhance Masthaven's capacity to serve UK residential and SME markets, enabling significant growth in lending to consumers and SMEs over the subsequent years.

23 April 2019

23 April 2020

Andrew Bloom ceases being the majority shareholder, exactly one year later, he stepped down as CEO. but remains on the board as a Non-Executive Director.

Masthaven Bank had originated in excess of £1.4bn of lending, driven by diversified lending across short-term and mortgage finance and opened over 25,000 savings accounts totalling £1.6bn.

23 April 2021

23 October 2021

Andrew Bloom acquired the majority stake in Spring Finance, bringing a wealth of experience and vision to drive the business forward.

Masthaven announced its decision to withdraw from the UK banking market, marking the end of its operations as a licensed bank.

23 February 2022

23 March 2022

Spring Finance entered the bridging and development finance market, expanding its services to include first and second charge loans, with a combination of regulated and unregulated lending products.

Spring Finance secured a significant additional senior bank funding line with Hampshire Trust Bank (HTB), further strengthening its ability to support its customers and fund its growth initiatives.

23 September 2022

23 June 2023

The company secured an additional senior bank funding line with Aldermore, to further enhance its portfolio and achieve its growth plans.

Spring Finance launched into the first charge mortgage market, broadening its product offerings and entering a new segment to serve a wider range of customers.

23 November 2023

23 July 2024

The company secured additional senior bank funding line with Shawbrook Bank, further enhancing its financial resources and capacity to fund its growing portfolio.

The company expanded its mezzanine investment portfolio to a total of £40m, enabling it to offer more flexible financing solutions to meet the evolving needs of its clients.

30 September 2024

23 October 2024

Andrew Bloom reacquires Masthaven, purchasing the bridging and development finance loan book, intellectual property rights together with other tangible and intangible assets.

Spring Finance achieved a major milestone by merging with Masthaven Finance, a strategic move to expand capabilities and strengthen its position in the specialist lending market.

01 February 2025

04 February 2025

Spring Finance has today (20th June) rolled out its bridging proposition to the wider market following a three-month pilot with a select group of brokers. The specialist lender is now offering the whole of market a range of loans – from £50,000 to £2m – to support brokers and customers. The product suite includes regulated, unregulated, first and second charge, complex credit, heavy refurbishment (with drawdowns) and light development loans. According to Spring, the feedback on its offering, processes and service since the soft launch started on 29th March has been “invaluable”. To coincide with the announcement, the finance provider

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