Masthaven Secured Loans (MSL) has cut rates and now accepts an automated valuation model (AVM).

Rates are being reduced on every product with a minimum reduction of 0.5 percentage points, rising to 1.2 percentage points on higher LTV products.

Meanwhile, AVM data will now be acceptable on residential properties subject to satisfactory confidence levels and LTV thresholds being met.

Neil Molyneux, head of sales and marketing at Masthaven Secured Loans, said: “This revamping of our range is not only about significant rate reductions, but also incorporates important technological enhancements to help speed up the application process for brokers and their clients.”

“The balance between rate, service, speed and flexibility remains a formula that needs constant attention,” added Andrew Bloom, managing director at Masthaven Secured Loans.

“Through constant feedback from our partners within the broker community we feel these changes embrace these important features and help meet the changing needs of our brokers.”