Inside the mind of the monitoring surveyor?
Summary: The masterclass discussed the role of monitoring surveyors (MS) in the development finance market, emphasising their importance in protecting lenders and clients. Key points included the differences between quantity surveyors and monitoring surveyors, the need for realistic build costs and GDVs, and the challenges of modern construction. The discussion highlighted the importance of early […]
Masthaven reduces rates and enhances criteria
We have enhanced our proposition with rate cuts across our full range, higher maximum LTVs, and updated criteria for self-employed borrowers, applying to both first and second charge across its residential and buy-to-let ranges. We have also broadened self-employed support by now factoring retained profit into affordability.
What’s On Our Desk This Month: May
Every month brings its own mix of cases: some standard textbook, and then there are the cases that keep us on our toes. Below is a rundown of what has been landing in the inbox this month across bridging, development and secured loans, and how we have made them work for your clients. Bridging Loans […]
£418,000 Regulated Self-Build +3 Drawdowns
The Ask Our broker introduced a married couple who had secured planning permission to build a new detached home on the substantial plot of land surrounding their existing property. Mr has worked as a self-employed builder for 25 years and had a clear plan. He wanted to construct the property, move in on completion, split […]
£50,000 second charge for active IVA & maternity leave income
The Ask A broker came to us with two borrowers who needed £50,000 to clear an existing secured loan and settle an active IVA. The case was referred to us ahead of formal submission to confirm the income upfront, saving time and avoiding unnecessary requests further down the line for all involved. Two things ruled […]
What’s On Our Desk This Month: April
The cases landing on our desks this spring are oddly consistent: credit profiles are largely intact but the way people are borrowing – that is where things are getting interesting. Bridging & Development On the bridging and development desks, we have borrowers making fairly sensible decisions. Typically, clean-credit borrowers using short-term lending defensively: Borrowers are […]
Parr returns to Masthaven in senior sales role
We have strengthened our bridging and development finance team with three strategic hires- including the return of industry heavyweight Chris Parr as head of sales, alongside Josh Hawker and Louis Rowson. With more than 45 years of combined specialist finance experience joining the business, Masthaven Finance is doubling down on broker support across key UK […]
Masthaven launches new mortgage origination platform for specialist lending
Masthaven Finance has announced the launch of Originate, a new mortgage origination platform. Developed in strategic partnership with Optalitix, the platform is designed to streamline the submission and decision process for brokers operating in the specialist mortgage market. Click here to read to full article. As always, if you have any enquiries you’d like to […]
Account Administrator
Title Account Administrator Reporting to Servicing & Collections Manager Job Location Camden, London Full time / part time Full Time Date Immediate Start About the Role The Account Administrator is an important role within the servicing and collections team. You must have excellent customer service skills to deal with the servicing of mortgages and bridging […]
Refurbish, Refinance, Repeat
With six weeks until the Renters’ Rights Act lands, a new-build pipeline moving at less than a snail’s pace, and a generation of homeowners who have run the numbers and said: “Pfft. We are absolutely not moving,” there is a clear theme. Whatever type of property client is walking through your door right now, chances […]
