"The launch of this new larger loans bridging product renews our commitment to introducing inventive solutions that address gaps in the bridging market "
The product will initially be available via the bank’s premier partners and will offer a dedicated underwriting team.
Masthaven says a "flexible, custom pricing structure" will be available for standard Bridging Plus products.
Prime Bridging Plus rates start from 0.48% up to 50% LTV, 0.58% up to 60% LTV, 0.68% up to 65% LTV and 0.78% up to 70% LTV.
James Bloom, managing director of short term lending at Masthaven, said: "It may only be a year since Masthaven Bank launched, but we have a rich heritage in the property loans market and have quickly built a reputation for being a bank that listens to the needs of customers and advisers.
“The launch of this new larger loans bridging product renews our commitment to introducing inventive solutions that address gaps in the bridging market and meet the ambitions of borrowers up and down the country. Not only does it offer our broker partners leading commission, but also gives them access to a team of specialists and either reduced or bespoke pricing solutions for their clients.”
