Masthaven launches Bridging Plus proposition to wider market
Masthaven has launched its Bridging Plus product to the wider market following a pilot with selected brokers.
"Today we’re launching Bridging Plus to the wider market and we are fully confident that we have the systems, knowledge and resources in place to manage demand."
The bank’s larger-loan proposition was launched in February to meet broker appetite and will now be available to all intermediaries.
The product is designed for loans over £750,000 and offers an enhanced commission rate of 1.5%, up from 1%.
James Bloom, Masthaven’s managing director of short term lending, said: “Today we’re launching Bridging Plus to the wider market and we are fully confident that we have the systems, knowledge and resources in place to manage demand.
“Launching the product with our key brokers a few months ago helped us pilot the product and we gained invaluable experience by working on some sophisticated cases that really tested us.
“Brokers considering Bridging Plus can do so in the full knowledge we’re confident it’ll be a success. Bridging Plus is just one example of Masthaven’s appetite for innovative products that meet real need, providing fast, flexible finance driven by intelligent underwriting.”
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