Development Finance

Development finance

Break new ground

Arranging development finance with traditional banks can feel like an endurance race. At Masthaven we make it easy. With direct access to experienced decision makers we offer a more personal service. We provide a fast, flexible, streamlined process, and simplicity all the way. 

Speak to us directly or through your broker.

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, their details can be found below.

Light development

We can provide finance between £150,000 and £2,000,000 for new build developments, self-build projects, refurbishments and conversions.

Criteria

  • Rates from 0.78% per month
  • England, Wales (Scotland considered)
  • Minimum loan £150,000 (£100,000 where purpose is completion of work)
  • Maximum loan £2,000,000
  • Up to 60% of purchase price
  • Up to 100% of build costs funded in arrears
  • Maximum loan to GDV 65%, including interest rolled up

Key product features

  • Conversions from commercial to residential (including permitted development) - maximum 4 units
  • Single units into multi units or multi into single - maximum 4 units
  • Finishing off wind and watertight properties
  • Properties requiring change of use
  • Extensions that increase sq ft of the property by no more than 50%
  • Terms up to 12 months for regulated loans and 18 months for non-regulated loans
  • Drawdowns available

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

Development Finance

We can provide finance between £150,000 and £2,000,000 for new build developments, self-build projects, refurbishments and conversions.

Criteria

  • Rates from 0.95% per month
  • England, Wales (Scotland considered)
  • Minimum loan £150,000 (£100,000 where purpose is completion of work)
  • Maximum loan £2,000,000
  • Up to 50% of purchase price
  • Up to 35% of purchase price for self-build
  • Up to 100% of build costs funded in arrears
  • Maximum loan to GDV 60%, including interest rolled up

Key product features

  • Ground up development
  • Barn conversions
  • Self-build projects
  • Basement Excavations
  • Extensions increasing the sq ft of the property by more than 50%
  • Terms up to 12 months for regulated loans and 18 months for non-regulated loans
  • Drawdowns available

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

The team

Our development finance specialists have a wealth of experience in short term lending. They deal with each case personally, and can usually help customers who don’t fit neatly into the more traditional banks’ rules.

  • 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 - Senior Business Development Manager - Masthaven Bank

    Jim Baker

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

    Roz Cawood

    • Business Development Manager
    • London, Surrey & Home Counties within M25
  • Harriet Smith - Business Development Manager - Masthaven Bank

    Harriet Smith

    • Business Development Manager
    • Midlands & North East
  • 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.