Masthaven Finance has announced rate reductions across its bridging range, along with a number of product changes intended to give brokers more options.
Rates on first charge regulated residential bridging have been reduced to:
0.84% up to 65% LTV
0.89% up to 70% LTV
0.99% up to 75% LTV
For large regulated bridging loans above £750,000, available to borrowers with clean credit, pricing has also been cut. Rates now start at 0.79% up to 60% LTV and 0.84% up to 70% LTV.
In addition, the minimum rate on both regulated and non-regulated loans under £100,000 has been lowered to 0.99%. Previously, this stood at 1.09% for regulated and 1.04% for non-regulated bridging.
Masthaven has introduced a new price band within its non-regulated residential first charge range. Loans are now available from 0.79% up to 50% LTV.
The lender has also widened the types of projects it will consider. Renovation and light development works on semi-commercial properties are now eligible. In its development exit product, where work is fully complete, rates have been reduced from 0.99% to 0.89%.
“These updates demonstrate Masthaven Finance’s commitment to giving brokers genuinely competitive products that meet the needs of today’s clients,” said Jim Baker, sales director at Masthaven Finance (pictured). “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.”
