Masthaven Finance has announced a sweeping overhaul of its unregulated bridging loan proposition, including a simplification of its product suite and reductions in pricing across residential refurbishment, semi-commercial and commercial lending.
The specialist lender has consolidated its residential refurbishment offering from five products to three, a change it says is designed to simplify the borrower experience and support intermediaries in placing cases more efficiently. The most notable update is the inclusion of heavy renovation schemes within its standard residential bridging product, with up to 100% of works funded in arrears.
The changes coincide with a repricing across the range. First charge refurbishment loans now start at 0.89% up to 70% loan-to-value (LTV), while second charge products have been reduced to 1.04% up to 60% LTV.
Semi-commercial bridging products are now available from 0.94% at up to 60% LTV, and from 0.99% at up to 65%. Rates on commercial property bridging have been cut to 0.99% at 60% LTV and 1.04% at 65% LTV.
Jim Baker, sales director – bridging & development at Masthaven Finance, said the changes were designed to make the lender’s proposition clearer and more responsive to market demand.
“These enhancements not only aim to simplify the customer journey but also deliver a more competitive pricing structure for complex refurbishments. By simplifying our product suite and sharpening our pricing, we’re giving brokers what they need – clarity, speed, and confidence,” he said.
“These changes reflect our ongoing commitment to being a trusted partner in the specialist finance space. We’re listening to what brokers need and we’re evolving to meet those needs.”
The lender is also aiming to increase support for smaller developers, according to Emmanuel Johnson, underwriting manager – development finance at Masthaven Finance.
“Small development and renovation schemes are often underserved by traditional lenders but with these changes, we’re aiming to empower experienced developers and property professionals to take on more ambitious projects knowing they’ve got the right support behind them,” he said.
