Masthaven Secured Loans had made a number of changes to its product range.

Rates have been reduced by up to 0.70 percentage points, while loan sizes have been increased on most plans.

Meanwhile, on the buy-to-let side, the maximum loan to value has been increased to 70% and rates now start from 11.45%.

The lender also said it has ‘simplified’ plans.

Stuart Aitken (pictured), chief operating officer at Masthaven Secured Loans (MSL), said: “These improvements are a further decisive step as we carefully build a substantial presence in the market.

“We are delighted to again include improvements that result from conversations with our broker partners.

“MSL will continue to roll out new and innovative products throughout this year.”