Bridging Finance

Bridging finance

Changing the definition of standard

At Masthaven, we recognise that in an increasingly diverse world, brokers need a range of short-lending solutions that equip them with everything they need to tailor finance around each client’s unique needs and provide a competitive deal quickly. And as a bank, we offer confidence and reassurance that our communications will be clear and open and we will treat your customers fairly.

Speak to your broker today.

Masthaven’s Bridging Finance Solutions

Bridging loans are a short term lending solution for circumstances where speed and reliability are essential. Used as an interim funding option for property purchases, quick release of equity or debt consolidation, we have a number of options that can be tailored for a wide range of circumstances.

For customers with simple needs, straightforward circumstances and clean credit, our Prime product offers competitive rates and LTV’s of up to 75% for purchases. Our Standard product, is anything but standard. Offering a wide range of options to cover refurbishments, small scale extensions, loft conversion and the consideration of some adverse credit – this is our most flexible product to date.

We also offer a Commercial bridging product designed for the purchase or re-mortgage of commercial or semi-commercial property until long-term finance can be arranged.

We’ve built our business around diversity, simplicity and flexibility. We look at every application on an individual basis and don’t tick box underwrite.

All regulated bridging finance enquiries require the advice of an FCA regulated broker.

Speak to your broker to find out if a bridging loan is the best option for your financial needs.

Brokers and intermediaries

We’re always interested in building long-term relationships with new intermediaries. If you would like to work with us, please contact one of our team or register with us.

Register with us

Prime

First Charge Bridging Loans

Suitable for owner occupied or property investors, we can provide first charge residential bridging loans for straightforward applicants with from £100,000 to £5,000,000. We've also designed a range for larger loans over £750,000 which offers reduced rates and dedicated service. 

Criteria

  • Rates from 0.68% per month
  • England, Wales (Scotland considered)
  • Minimum loan £100,000
  • Maximum loan £5,000,000
  • Maximum loan to value 70%, including interest rolled up
  • No units of adverse credit in the last 24 months. Units defined as:
    • A missed mortgage payment
    • An unsecured credit account >£300 where the worst status is 3 or more regardless of whether the account has subsequently settled
    • A CCJ or default over £300 registered whether satisfied or not
  • CCJs and Defaults are ignored if
    • Less than £300
    • Over 36 months if satisfied by date of application
  • Property must be in good habitable order with no renovation works required
  • Property must be of standard construction and for residential use only (no B&Bs or HMOs)
  • Gifted deposit and connected party transactions not permitted
  • Up to 70% on purchase and remortgages
  • Short leases acceptable where unexpired term is greater than 70 years
  • Flats above commercial considered on an exception basis

Key product features

  • Terms up to 12 months for regulated loans and 18 months for non-regulated loans

Your property, provided as security for the loan, may be repossessed if you do not keep up with payments

Standard

First Charge Bridging Loans

Suitable for owner occupied or property investors with adverse credit, we can provide first charge residential bridging loans from £100,000 to £3,000,000. We've also designed a range for larger loans over £750,000 which offers reduced rates and dedicated service. 

Criteria

  • Rates from 0.83% per month
  • England, Wales (Scotland considered)
  • Minimum loan £100,000
  • Maximum loan £3,000,000
  • Maximum loan to value 65%, including interest rolled up
  • Adverse credit considered
  • Short term refinance including bridge to bridge considered
  • Internal refurb including kitchen/bathroom
  • Extensions (including loft conversions, change of roof etc) considered increasing the current sq ft of the property by no more than 25%
  • Gifted deposit and connected party transactions considered
  • Short leases acceptable where unexpired term is greater than 50 years, dependent on location

Key product features

  • Terms up to 12 months for regulated loans and 18 months for non-regulated loans

Your property, provided as security for the loan, may be repossessed if you do not keep up with payments

Prime

Second Charge Bridging Loans

Designed for anyone looking for second mortgage residential and investment property, we can provide second charge Residential Bridging Loans from £100,000 to £1,000,000 over terms from 1 to 12 months.

Criteria

  • Rates from 0.88% per month
  • England, Wales (Scotland considered)
  • Minimum loan £100,000
  • Maximum loan £1,000,000
  • Maximum loan to value 65%
  • No units of adverse credit in the last 24 months. Units defined as:
    • A missed mortgage payment
    • An unsecured credit account >£300 where the worst status is 3 or more regardless of whether the account has subsequently settled
    • A CCJ or default over £300 registered whether satisfied or not

Key product features

  • Terms up to 12 months for regulated loans and 18 months for non-regulated loans

Your property, provided as security for the loan, may be repossessed if you do not keep up with payments

Standard

Second Charge Bridging Loans

Designed for anyone looking for second mortgage residential and investment property, we can provide second charge Residential Bridging Loans from £100,000 to £1,000,000 over terms from 1 to 12 months.

Criteria

  • Rates from 0.98% per month
  • England, Wales (Scotland considered)
  • Minimum loan £100,000
  • Maximum loan £1,000,000
  • Maximum loan to value 60%, including interest rolled up
  • Adverse credit considered

Key product features

  • Terms up to 12 months for regulated loans and 18 months for non-regulated loans

Your property, provided as security for the loan, may be repossessed if you do not keep up with payments

Commercial

Bridging Loans

These short-term loans are designed to be used to buy first charge commercial or semi commercial property including shops and offices, until long-term finance can be arranged.

Criteria

  • Rates from 1.10% per month
  • England, Wales (Scotland considered)
  • Minimum loan £100,000
  • Maximum loan £1,000,000
  • Maximum loan to value 60%

Key product features

  • Terms up to 12 months for regulated loans and 18 months for non-regulated loans

Your property, provided as security for the loan, may be repossessed if you do not keep up with payments

The team

Our bridging finance specialists have a wealth of experience in providing short-term loans. They deal with each case personally.

  • James Bloom - Managing Director, Short Term Lending - Masthaven Bank

    James Bloom

    • Managing Director, Short Term Lending
  • Richard Deacon - Sales Director - Masthaven Bank

    Richard Deacon

    • Sales Director
    • South East
  • Neil Molyneux - Head of Sales - Masthaven Bank

    Neil Molyneux

    • Head of Sales
    • South, South West & Wales
  • Jim Baker - Head of Business Development - Masthaven Bank

    Jim Baker

    • Head of Business Development
    • North West & Scotland
  • Roz Cawood - Senior Business Development Manager - Masthaven Bank

    Roz Cawood

    • Senior Business Development Manager
    • London, Surrey & Home Counties within M25
  • Ginny Warby - Business Development Executive - Masthaven Bank

    Ginny Warby

    • Business Development Executive
    • Office Based
  • Charles Creak - Business Development Executive - Masthaven Bank

    Charles Creak

    • Business Development Executive
    • Office Based

About Masthaven

LENDING SINCE 2004

We bring years of experience in short term lending to our new bank. We’re award winning and we build lasting relationships.

UK BASED

Home for Masthaven is London, where you’ll find our friendly helplines and expert teams.

EASY, SIMPLE

We’re not a traditional bank. So we can move swiftly, make decisions quickly and consider customers that other banks can’t.

HUMAN AND OPEN

We’re only as good as the people we employ. They’re an exceptional team and we trust them to make decisions.