Richard Deacon

Masthaven improves bridging rates




Masthaven has reduced the loan rate on its residential and buy-to-let bridging product range when a client needs a combination of first and second charge mortgages.

Total loans will now be priced at the first charge rate in reference to the overall LTV.

This means if someone owns a main residential property, where the overall LTV is below 40%, they would receive a rate of 0.49%.

This rate would be for those on Masthaven’s selected panel of premier partners on first charge bridging loans below 40% LTV.

“We have responded to broker feedback to support customers across first and second charge products in order to give them the most attractive rates we can for bridging loans,” said Richard Deacon, sales and marketing director at Masthaven (pictured above).

“Customer service is really important to us and we are committed to delivering the best products and services.”

The new blended rates are only available on first and second charges where the security is residential property (including BTL).

In January, Masthaven reduced its bridging rates to 0.49% on its first charge bridging products for selected brokers.

Leave a comment