First-charge regulated residential bridging rates have been reduced to 0.84% up to 65% LTV, 0.89% up to 70% LTV, and 0.99% up to 75% LTV.
Rates have also fallen for large, regulated bridging loans for borrowers with clean credit and facilities exceeding £750,000.
Furthermore, the minimum rate on both regulated and unregulated loans below £100,000 has been reduced to 0.99%, down from 1.09% for regulated loans and 1.04% for unregulated bridging loans.
Within the unregulated residential first-charge range, a new price band has been introduced, with loans now available from 0.79% up to 50% LTV.
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In addition to these rate changes, Masthaven Finance will now consider renovation and light development works on semi-commercial property.
The lender has also reduced the rate on its development exit product — available where works are 100% complete — from 0.99% to 0.89%.
Jim Baker, sales director at Masthaven Finance (pictured above), commented: “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 unregulated space, and we’re building a clear edge in refurbishment lending — areas where speed, flexibility and fair pricing really make the difference.”
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