Masthaven has enhanced its residential and buy to let bridging product range by lowering the loan rate when a client needs a combination of first and second charge mortgages. Now the total loan will be priced at the first charge rate in reference to the overall LTV.
For instance, if someone owns a main residential property where the overall LTV is below 40% they would receive a rate of 0.49%. This is the rate for Masthaven’s selected panel of premier partners on first charge bridging loans below 40% LTV.
This new rate is only available to Masthaven’s selected panel of premier partners.
Richard Deacon, Sales & Marketing Director at Masthaven, said:
“We have responded to broker feedback to support customers across first and second charge products in order to give them the most attractive rates we can for bridging loans. Customer service is really important to us and we are committed to delivering the best products and services.”
Masthaven offers highly competitive rates across each of its specialist lending products. Working with brokers, with a named specialist to personally handle each case individually, its bridging finance experts deliver the exceptional customer service that Masthaven has been renowned for since it was founded in 2004 as a specialist lender.