The specialist bank’s proposition includes flexible criteria points as well as rates for non-traditional tenants, landlords and complex properties.
Masthaven has also reduced rates across its standard BTL range.
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The latest BTL range features three products:
- specialist standard — includes two- and five-year fixed rate options up to 75% LTV starting from 3.09% (down from 3.14%) with a maximum portfolio limit of up to eight properties and a maximum value of £2m; the product takes into consideration those with failed credit scoring and allows gifted equity from family
- specialist property — includes two- and five-year fixed rate options up to 70% LTV starting from 3.63% — it’s designed to consider more complex properties, including HMOs with up to 10 bedrooms, flats up to 20 floors and retirement properties
- specialist landlord/tenant – includes two- and five-year fixed rate options up to 70% LTV starting from 3.89%, catering for both non-traditional tenants and landlords — Airbnb/holiday lets are allowed, and applicants will be able to remortgage with less than six months’ ownership
“In a bid to support the market, we wanted to create a product range that offers brokers access to products that meet market needs,” said Matt Andrews, managing director of mortgages at Masthaven (pictured above).
“We want to offer products that suit UK borrowers.”