Masthaven Finance has announced sweeping rate cuts across its bridging range, alongside product changes aimed at giving brokers more competitive tools for their clients.

The specialist lender has reduced rates on both regulated and non-regulated loans, with first charge regulated residential bridging now available from 0.84% up to 65% loan-to-value (LTV), 0.89% up to 70% LTV, and 0.99% up to 75% LTV.

For larger regulated loans above £750,000, borrowers with clean credit can access rates starting at 0.79% up to 60% LTV and 0.84% up to 70% LTV.

At the smaller end of the market, Masthaven has lowered its minimum rate on loans below £100,000 to 0.99% – down from 1.09% for regulated and 1.04% for non-regulated products.

In the non-regulated residential first charge range, a new band has been introduced, with loans now available from 0.79% up to 50% LTV.

The lender has also broadened criteria, agreeing to consider renovation and light development works on semi-commercial property.

Its development exit product, offered when works are fully complete, has seen a rate cut from 0.99% to 0.89%.

Jim Baker, sales director at Masthaven Finance, said: “These updates demonstrate Masthaven Finance’s commitment to giving brokers genuinely competitive products that meet the needs of today’s clients.

“We’ve sharpened our pricing to ensure we’re strong in the non-regulated space, and we’re building a clear edge in refurbishment lending – areas where speed, flexibility and fair pricing really make the difference.”