New products released include: second charge renovation and second charge commercial products; lending to UK nationals living overseas; lending to non-UK registered companies; and widened loan size criteria, now accepting loans from £30,000 to £5m.
To complement the new range of products, Masthaven has also announced rate reductions on existing schemes. See website for more details.
According to Managing Director, Andrew Bloom, the next 12 months are going to see plenty of other product innovations from Masthaven.
He said:
"Masthaven Finance is looking to expand its reach and develop new areas of business as can be seen by our newly expanded product range. We have looked long and hard at the niches where we feel that our underwriting experience provides us with opportunities to lend”.
"As a company, we are keen to open up new opportunities to lend and from the feedback of key introducers, we have looked at lending in areas which have not been exploited by lenders in the past. The end result is a raft of new products and enhancements. We have also looked at the pricing model and made reductions across our product range which I know will be welcomed by introducers. While maintaining our strong stance on the quality of business we write, all of the fresh initiatives will provide our introducers with new opportunities to help their clients.
"Our aim is to be the leader in bringing innovative products to advisers, matched by the peerless Masthaven service our introducers have come to expect from us.”