Masthaven reveals product range revamp

Bridging lender Masthaven Finance has made major innovations to its product range.

The new products include lending to UK nationals living overseas, lending to non UK registered companies, second charge renovation and commercial product and it will widen its loan size criteria, accepting loans from £30,000 to £5 million.

Managing Director, Andrew Bloom, said the next 12 months will see plenty of other product innovations from Masthaven as it looks to expand its reach and develop new areas of business.

The lender has also announced a rate reduction on existing schemes for more information see Masthaven’s website.

“We have looked long and hard at the niches where we feel that our underwriting experience provides us with opportunities to lend,” said Andrew.

“As a company, we are keen to open up new opportunities to lend and from the feedback of key introducers, we have looked at lending in areas which have not been exploited by lenders in the past. The end result is a raft of new products and enhancements.”

Along with the new range of products Masthaven has also announced a rate reduction on existing schemes as Andrew feels will be welcomed by introducers.

“While maintaining our strong stance on the quality of business we write, all of the fresh initiatives will provide our introducers with new opportunities to help their clients,” added Andrew.

“Our aim is to be the leader in bringing innovative products to advisers, matched by the peerless Masthaven service our introducers have come to expect from us.”