Mortgages

Lending for individual people.

Just like houses, our mortgages come in a range of styles and sizes to suit different circumstances. We work with intermediaries to find the right solutions from quick illustrations to full online mortgage applications.

Speak to your broker today.

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.

Residential

First charge Mortgages

Products

  • 2 Year fixed rates from 2.94%
  • 5 Year Fixed rates from 3.44%
  • 2 Year Discount Rate from 2.94%
  • Lifetime tracker rate from 3.34%
  • All products available for purchase and re-mortgage 

Key product features

  • Minimum loan £40,000
  • Maximum loan £1,000,000
  • Maximum loan to value 80%
  • Interest only / part and part up to 60% LTV
  • Minimum income £12,500
  • No age limit on application (Referral if over 70 - Max age 85 at term)
  • England, Wales and Mainland Scotland
  • Maximum term 35 years

Customers we love to help

  • Any customer looking for an alternative to high street lenders
  • Self-employed – straightforward or complex 
  • Contractors / short work history 
  • Customers buying new build property
  • Remortgage for business, tax bill, deposit for buy to let or to help family
  • First time Buyers - unlimited gifted deposit / gifted equity
  • Customers borrowing into retirement
  • Credit hiccups - we do not credit score

Read our first charge product guide here

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

Residential

Second Mortgages

Providing additional funding without affecting a current first charge mortgage, we can provide second charge residential mortgages from £10,000 to £750,000, for up to 35 years.

Products

  • 2 Year Discount rates from 3.74%
  • Lifetime Tracker rates from 3.94%
  • 2 Year Fixed rates from 4.34%
  • 5 Year Fixed rates from 4.74%

Key product features

  • Minimum loan £10,000
  • Maximum loan £750,000
  • Maximum loan to value 75%
  • Minimum Income £12,500
  • No age limit on application (Referral if over 70 - Max age 85 years at term)
  • England, Wales & Scotland
  • Maximum term 35 years

Customers we love to help

  • Raise capital for Debt Consolidation, for a property deposit, tax bill, Home Improvements, business startup and many more
  • Customers with an impaired credit profile
  • Self-employed – straightforward or complex
  • Contractors / short work history

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

 

Read our second charge product guide here

Buy-to-let

Second Mortgages

Whether it’s additional funding for renovation or repairs or just capital raising, we can provide Fixed Term and Variable Rate second charge Buy-to-Let Mortgages from £10,000 to £300,000.

Criteria

  • Minimum loan £10,000
  • Maximum loan £300,000
  • Maximum loan to value 70%
  • Rental coverage 125% of monthly payment
  • Maximum term 35 years

Key product features

  • Rates from 4.79%
  • Arrangement Fees 1.5% (minimum fee apply)
  • Lifetime tracker rate
  • 2 Year Discount Rate
  • 2 Year or 5 Year Fixed
  • Minimum property value £100,000
  • Interest Only available on all plans

Portfolio Landlord Key product features

  • Minimum loan £10,000
  • Maximum loan £300,000
  • Maximum loan to value 70%
  • Rates from 4.79%
  • No age limit on application (maximum age 85 years at term of product)
  • Standalone Portfolio Interest Cover Ratio calculator
  • Maximum of 8 mortgaged properties (including Masthaven Bank advance)

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

Mortgages

Representative Examples

2 Year Discount Rate range

A mortgage of £160,000 payable over 25 years, initially on a discounted rate for 2 years at 3.94% followed by a rate of 0.25% over Masthaven Bank's Administered Variable Rate (to give a current pay rate of 5.25%) for the remaining 23 years, would require 24 monthly payments of £839.25 followed by 276 payments of £950.74. The total amount payable would be £283,488.62 made up of the loan amount plus interest of £122,603.62, a valuation fee of £265, estimated legal fees of £500 and a security release fee of £120.

The overall cost for comparison is 5.24% APRC representative.

Lifetime Tracker Rate range

A mortgage of £160,000 payable over 25 years, on a lifetime tracker rate of 0.66% under Masthaven Bank's Administered Variable Rate (to give a current pay rate of 4.34%), would require 300 monthly payments of £874.86. The total amount payable would be £263,389.73 made up of the loan amount plus interest of £102,504.73, a valuation fee of £265, estimated legal fees of £500 and a security release fee of £120.

The overall cost for comparison is 4.54% APRC representative.

2 Year Fixed Rate range

A mortgage of £160,000 payable over 25 years, initially on a fixed rate for 2 years at 3.94% followed by a rate of 0.25% over Masthaven Bank's Administered Variable Rate (to give a current pay rate of 5.25%) for the remaining 23 years, would require 24 monthly payments of £839.25 followed by 276 payments of £950.74. The total amount payable would be £283,488.62 made up of the loan amount plus interest of £122,603.62, a valuation fee of £265, estimated legal fees of £500 and a security release fee of £120.

The overall cost for comparison is 5.24% APRC representative.

5 Year Fixed Rate range

A mortgage of £160,000 payable over 25 years, initially on a fixed rate for 5 years at 4.44% followed by a rate of 0.25% over Masthaven Bank's Administered Variable Rate (to give a current pay rate of 5.25%) for the remaining 20 years, would require 24 monthly payments of £883.89 followed by 240 payments of £946.32. The total amount payable would be £281,082.11 made up of the loan amount plus interest of £120,197.11, a valuation fee of £265, estimated legal fees of £500 and a security release fee of £120.

The overall cost for comparison is 5.14% APRC representative.

Mortgages

More Information

Join Our Panel

We’re always interested in building long-term relationships with new intermediaries. If you would like to work with our friendly and experienced mortgages team, their details can be found below.

To contact our lending team please email:
[email protected]

The team

Our mortgage specialists work closely with FCA intermediaries to offer solutions to suit their client’s circumstances.

ABOUT MASTHAVEN

LENDING SINCE 2004

We bring years of experience in 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, finance specialists and underwriters.

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 & OPEN

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