Masthaven Finance has announced a series of rate reductions across its bridging finance products alongside a number of enhancements designed to increase flexibility for brokers and clients.
First charge regulated residential bridging now starts from 0.84% up to 65% LTV, 0.89% up to 70% LTV, and 0.99% up to 75% LTV.
Large regulated bridging loans for borrowers with clean credit and facilities over £750,000 are also reduced, with pricing from 0.79% up to 60% LTV and 0.84% up to 70% LTV.
The lender has also lowered the minimum rate on both regulated and non-regulated loans under £100,000 to 0.99%, down from 1.09% for regulated and 1.04% for non-regulated cases.
Within the non-regulated residential first charge range, a new price band has been introduced, with loans available from 0.79% up to 50% LTV.
In addition to the rate cuts, Masthaven will now consider renovation and light development works on semi-commercial property.
The rate on its Development Exit product, available where works are 100% complete, has also been reduced from 0.99% to 0.89%.
Jim Baker, sales director at Masthaven Finance, said: “These updates demonstrate Masthaven Finance’s commitment to giving brokers genuinely competitive products that meet the needs of today’s clients.
“We’ve sharpened our pricing to ensure we’re strong in the non-regulated space, and we’re building a clear edge in refurbishment lending – areas where speed, flexibility and fair pricing really make the difference.”
