Masthaven increases LTV on prime bridging product

Masthaven has increased the LTV on its prime bridging product from 70% to 75% in response to feedback from brokers.

The specialist lender said that brokers would benefit from the increased LTV on purchases up to £750,000.

The increase in LTV follows the launch of Masthaven’s Bridging Plus product, especially designed for loans over £750,000.

James Bloom, managing director of short-term lending at Masthaven (pictured above), said the LTV rise was evidence of its commitment to giving customers more flexibility around their borrowing needs.

“It reflects the hard work we put in to ensuring we offer products that meet the financial and personal circumstances of our borrowers, and illustrates how we listen to the feedback from our broker partners,” he said.

“Our refreshed product range will play an important role in opening up options for borrowers who need affordable, reliable and fast interim funding for property purchases.”

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