Mainstream bridging lender becomes regulated

Mainstream bridging lender becomes regulated


After almost 30 years as a principal lender, a central London bridging lender becomes FSA regulated.

Masthaven Bridging Finance originally approached the Financial Services Authority regarding regulation back in 2009. The road to regulation was long and according to the team involved ‘hours of hard work and perseverance’.

But the hard work has paid off for the company, as they are now able to cater for first charge, owner occupied businesses.

In this sense, Masthaven are anomalies, as they are one of very few mainstream bridging finance providers who are able to offer all types of bridging finance, including both first and second charge.

Andrew Bloom, Managing Director of the firm, said: “Due to the changing regulatory environment, this was an important strategic move for Masthaven. In recent years obtaining FSA regulation has become much more difficult and the success of Masthaven in achieving this is a credit to the company and its employees."

By Katie-Jill Rowland

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