A subsidiary of Masthaven Group has gained FSA authorisation.
Masthaven Property Lending has obtained authorisation from the FSA for regulated mortgage contracts.
This additional regulated funding line will allow Masthaven to service the increasing number of regulated bridging loan enquiries that it receives from the intermediary market.
Masthaven became FSA regulated in January 2011. Its new lending entity was granted authorisation within six months of its original application.
“This is fantastic news for the group,” said Richard Deacon, sales and marketing director at Masthaven.
“In recent times there have been many column inches written about the importance of your chosen bridging lender being regulated and hopefully this will keep us at the forefront of the introducers’ minds who write regulated bridging loans.
“It is no secret that we are aiming to increase the level of FSA regulated lending that we write, and with our recent increase in funding lines, award winning service, and ‘can do’ attitude we are very well placed to achieve this.”
Well done to all the team at Masthaven. Regulated business writers or not, Brokers will naturally be drawn to do business with other regulated business partners. Another small step forward for the bridging industry.