Masthaven launches new fees-free remortgage range

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Masthaven Bank has today (Tuesday 28 April 2020) launched a new fees-free remortgage range on its first charge residential two-year and five-year fixed remortgage products. The specialist bank has released the limited-edition products in response to continued demand for remortgages, particularly for fees-free ranges, during the coronavirus outbreak.

Masthaven says the new products are designed to empower brokers to offer their customers greater flexibility around their remortgage options.

Rob Barnard, Director of Intermediaries at Masthaven said:
“Many homeowners are approaching the end of their current mortgage scheme and are beginning to explore their options. Brokers are working to support that process, and Masthaven is supporting homeowners and intermediaries with this new range of fees-free products.

“At Masthaven, we are working to respond positively to changes in the market and these new products follow the launch of our new bridging valuation options earlier this month. We are doing all we can to support our broker partners as we trade together through this challenging time.”

Key features of the new Masthaven products include:
  • No standard legal fees
  • No lender fee
  • No application fee
  • Free  valuation
Masthaven has also confirmed it is accepting automated valuation models (AVMs), rather than physical property inspections, on its new products where possible.
 
…ENDS…
 
Media enquiries:
Tom Reeder
Rostrum
[email protected]
07766 255 757
 
Product information
 
Residential First Charge 2-Year Fixed Remortgage
  • Rate: 3.59%
  • Minimum loan £40,000, maximum loan £250,000
  • LTV up to 65%
  • Low ERCs - 2% year one, 1% year two
 
Residential First Charge 5-Year Fixed Remortgage
  • Rate: 3.99%
  • Minimum loan £40,000, maximum loan £250,000
  • LTV up to 65%
  • Low ERCs - 2% year one, 1% years two to five
 
About Masthaven Bank
Masthaven launched as a retail bank in 2016 and offers award-winning saving and lending products. Prior to that, Masthaven has provided a flexible and personalised approach to bridging loans and secured lending since 2004. Today, the bank’s knowledgeable and experienced specialists are committed to providing customers with flexible and fixed term savings accounts, bridging loans, development finance and mortgages.
 
Masthaven was recognised as 2019’s Most Innovative Digital Retail Bank UK by CFI, the second consecutive win for the category. Masthaven won Best Second Charge Mortgage Lender in the Your Mortgage Awards 2018/19 and Customer Service of the Year in the Money Age Mortgage Awards in 2019.
 
Masthaven was also awarded Best Specialist Lender in the Moneynet Personal Finance Awards 2019. Masthaven Finance has featured in 2015’s The Sunday Times’ Virgin Fast Track 100 (at number 81) and the bank ranked 240 in Financial Times’ FT1000 list published in 2017. The bank is regulated by the Financial Conduct Authority and Prudential Regulation Authority.