Masthaven have announced a reinvigorated suite of short-term lending and bridging finance products in response to increasing demand from brokers.
The new solutions will incorporate a Light Development product, a first for the company, the introduction of Standard and Prime Bridging finance products, Development Finance and Commercial bridging loans.
Richard Deacon Sales Director at Masthaven said: “Our new Short-Term Lending solutions reflect feedback we’ve heard directly from our brokers in terms of their clients’ evolving needs. They want simple, flexible, swift solutions, so we’ve simplified our proposition to set a new standard for the short-term lending sector.”
!We recognise that time is of the essence in the short-term lending market, and brokers need access to competitively priced lending. So we are bringing together a suite of products with a broader range of criteria, serviced quickly and professionally through our highly skilled team of Business Development Managers and Underwriters.”
Masthaven’s Short-Term Lending solutions at a glance
- Light Development – suitable for small scale development projects, including conversion from commercial to residential property; and extensions not increasing square footage by more than 50%. Loans from £150,000 to £2,000,000.
- Standard Bridging – suitable for a diverse range of projects including refurbishments, property extensions; and adverse credit means a more flexible solution for meeting clients’ needs. Loans from £100,000 to £3,000,000.
- Development Finance – suitable for ground up developments, self-build projects, barn conversions and large scale extensions. Loans from £150,000 to £2,000,000.
- Prime Bridging – suitable for straightforward applicants with clean credit. Loans from £100,000 to £5,000,000.
- First Charge Commercial – suitable for the purchase or remortgage of commercial property. Loans from £100,000 to £1,000,000.