Masthaven increases prime bridging LTV to 75%
Masthaven has increased the loan-to-value for its prime bridging proposition from 70% to 75% following broker feedback.
"Our refreshed product range will play an important role in opening up options for borrowers who need affordable, reliable and fast interim funding"
Masthaven’s prime bridging loans are suitable for both owner-occupied homes and property investors and can support applicants with loans from £100,000 to £750,000.
This increase follows the launch of Masthaven’s Bridging Plus product designed for loans over £750,000.
James Bloom, managing director of short term lending at Masthaven, said: “It reflects the hard work we put in to ensuring we offer products that meet the financial and personal circumstances of our borrowers, and illustrates how we listen to the feedback from our broker partners.
“Our refreshed product range will play an important role in opening up options for borrowers who need affordable, reliable and fast interim funding for property purchases.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
MPowered Mortgages
MPowered closes to new business amid potential sale
FCA
FCA bans and fines adviser £100,000
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Santander
Santander reduces mortgage rates by up to 0.36% and launches new large loans
Budget
What taxes could be raised in the Autumn Budget?
