Mortgages

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.

Service Levels

We’re committed to being clear with you about our response times, so you know what to expect from us and when. Here are our current service levels.

Have a question about a referral? Call our Lending Specialists on 0207 036 2020 or email [email protected]
 

DIP referral

Application Assessment

Additional Correspondence / Documentation

First Charge
Mortgages

4 Hours

1 Day

Days

 

From 17th July

From 17th July

Second Charge
Mortgages

4 Hours

Day

Day

 

From 17th July

From 17th July

Have a question about an application you’ve submitted? Call our Underwriters on 0207 036 2020 or email [email protected]


We don’t put people in little tick boxes. We put them in homes.
Our first charge residential mortgages aren’t what you’d find on the high street. They’re designed with real people in mind.

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 residential product guide

Click here for more information about our mortgages and register here

The world of buy to let needn’t be a complex one.
Simple and streamlined, our products - for both individual and professional landlords are flexible and competitively priced.
We've reduced the rates on our existing BTL product and introduced two brand-new products, all designed to help today's diverse landlord and tenant.

Our products at a glance:

Specialist Standard

  • Portfolios up to 8 properties
  • Limited companies - no personal gurantee needed if under 50% LTV
  • HMOs up to 6 rooms
  • Unlimited gifted cash deposit from family members


Specialist Property

  • Multiple unit freehold blocks up to 4 units
  • HMOs up to 10 rooms
  • Retirement accommodation
  • Modular housing


Specialist Landlord/Tenant

  • Airbnb and holiday lets
  • DWP/asylum tenants
  • HMOs up to 6 rooms
  • Remortgage allowed with under 6 months' ownership


Find all the details in our first charge buy to let product guide

Sometimes it’s worth giving something a second look.
Our second charge mortgages help people raise capital for deposits, tax bills and more – all without the need for remortgaging.

Customers we love to help

  • People raising capital for debt consolidation, for a property deposit, tax bill, home improvements, business startup
  • People with credit hiccups - we don't credit score
  • Self-employed – straightforward or complex
  • Contractors / short work history
  • Customers with competitive existing fixed rates on current mortgage
  • Customers with current mortgage on interest only
  • Customers with early redemption charges on current mortgage
  • Buy to let

Read our second charge product guide

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.

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]

Alternatively, call us on 020 70362020

The team

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

  • Matt Andrews - Managing Director, Mortgages - Masthaven Bank

    Matt Andrews

    • Managing Director, Mortgages
  • Rob Barnard - Sales Director - Masthaven Bank

    Rob Barnard

    • Sales Director
  • Jon Sturgess - Head of Sales - Masthaven Bank

    Jon Sturgess

    • Head of Sales
    • South East & London
  • John Smith - National Account Manager - Masthaven Bank

    John Smith

    • National Account Manager
    • East Anglia, Kent, Essex & London
  • David Owen - Business Development Manager - Masthaven Bank

    David Owen

    • Business Development Manager
    • South West, South Wales & Scotland
  • Wes Baker - Business Development Manager - Masthaven Bank

    Wes Baker

    • Business Development Manager
    • North & North Wales
  • Jez Quinn - Business Development Manager - Masthaven Bank

    Jez Quinn

    • Business Development Manager
    • Midlands

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.