Masthaven Finance has announced rate reductions across its bridging range, alongside a series of product enhancements.
Masthaven has reduced rates across its regulated and non-regulated bridging finance range, alongside several product enhancements designed to provide brokers with greater flexibility.
First charge regulated residential bridging sees rates reduced to 0.84% up to 65% LTV, 0.89% up to 70% LTV, and 0.99% up to 75% LTV.
For large, regulated bridging loans for borrowers with clean credit and facilities exceeding £750,000, rates now start at 0.79% up to 60% LTV and 0.84% up to 70% LTV.
The minimum rate on both regulated and non-regulated loans below £100,000 has also been reduced to 0.99%, down from 1.09% for regulated loans and 1.04% for non-regulated bridging loans.
Within the non-regulated residential first charge range, a new price band has been introduced, with loans now available from 0.79% up to 50% LTV.
In addition to rate changes, Masthaven Finance will now consider renovation and light development works on semi-commercial property. The lender has also reduced the rate on its development exit product – available where works are 100% complete – from 0.99% to 0.89%.
Jim Baker (pictured), sales director at Masthaven Finance, commented: “These updates demonstrate Masthaven Finance’s commitment to giving brokers genuinely competitive products that meet the needs of today’s clients.
“We’ve sharpened our pricing to ensure we’re strong in the non-regulated space, and we’re building a clear edge in refurbishment lending - areas where speed, flexibility and fair pricing really make the difference.”
