Bridging lender Masthaven Finance has changed its product offering and improved lending options.
New products include:
- Lending to UK nationals living overseas
- Lending to non UK registered companies
- Second charge renovation product
- Second charge commercial product
- Widened loan size criteria, now accepting loans from £30,000 – £5m
Masthaven has also announced rate reductions on existing schemes.
Andrew Bloom, Masthaven’s managing director, said: “Masthaven Finance is looking to expand its reach and develop new areas of business as can be seen by our newly expanded product range. We have looked long and hard at the niches where we feel that our underwriting experience provides us with opportunities to lend.
“As a company, we are keen to open up new opportunities to lend and from the feedback of key introducers, we have looked at lending in areas which have not been exploited by lenders in the past. The end result is a raft of new products and enhancements. We have also looked at the pricing model and made reductions across our product range which I know will be welcomed by introducers. While maintaining our strong stance on the quality of business we write, all of the fresh initiatives will provide our introducers with new opportunities to help their clients.
“Our aim is to be the leader in bringing innovative products to advisers, matched by the peerless Masthaven service our introducers have come to expect from us.”
