Masthaven has cut the rates it offers on its bridging products (first charge) to its selected panel of premier partners. These rates are now 0.49% for lending with a LTV up to 40% and 0.54% for a LTV of up to 50%.
Commenting on the rate change, Richard Deacon, Sales Director at Masthaven said:
“Becoming a bank last year gave us with the opportunity to rejuvenate our bridging loans offering – making it more competitive, whilst maintaining the excellent customer service that we already deliver to intermediaries. We are committed to deliver the funding benefits of being a bank to the mortgage and lending markets.
“These new and improved rates can be obtained through our panel of premier partners. Masthaven carefully selects these first-rate partners for a number of reasons: the quality of their submissions; their thorough understanding of the lending market; their unnerving desire to put the best interests of the customer first and their diligent processing and clear communication.”
Masthaven offers highly competitive rates across each of its specialist lending products. Working with brokers,with a named specialist to personally handle each case individually, its bridging finance experts deliver the exceptional customer service that Masthaven has been renowned for since it was founded in 2004 as a specialist lender.