Masthaven

Masthaven’s mission is to build a bank that challenges the conventions of traditional banking. They aim to take a broader view of customer lending criteria, giving you direct access to expert underwriters and flexible solutions, quickly and conveniently.

Their mortgage range includes first charge, second charge, residential and buy to let; unlike others they don’t box-tick or credit-score. To make life a bit easier and help speed things up, they also offer AVM’s up to 65% LTV too.

Their bridging range is just as flexible, whether your customers is downsizing, solving chain breaks, or wants to refurbish a property.

BTL Product Range:

Range Highlights:

  • Up to 75% LTV
  • Rates from 3.19%
  • 2 & 5 Year fixed rates
  • Loans from £40,000 to £1,000,000 (£600,000 over 70% LTV)
  • Individual or professional landlord
  • Portfolios up to 8 properties, maximum value £2m with Masthaven
  • Limited companies no personal guarantee if < 50% LTV
  • HMO/student accommodation 6 or fewer rooms on one single AST
  • Flats up to 10 floors, ex-local authority up to 6 floors
  • Corporate tenants
  • Unlimited gifted cash deposit from family members
  • Gifted equity from family
  • Purchase and remortgage
  • New build flats and houses

Residential First Charge:

Range Highlights:

  • Loans up to 1,000,000
  • Up to 75% LTV
  • 2 & 5 Year fixed rates
  • Terms up to 35 years
  • Up to 60% LTV on Interest-Only/Part and Part
  • No credit scoring
  • Rates starting from 3.04%
  • Available up to age 85 at the end of term
  • Available on properties in England, Wales and Scotland
  • Self-Employed retained profit and projections considered
  • Day rate contractors now accepted (income = day rate x 5 x 46)

Residential Second Charge:

Range Highlights:

  • Maximum LTV: 70%
  • Minimum Loan: £10,000
  • Maximum Loan: £150,000
  • Lifetime Tracker Rate: 4.19%
  • 2 Year Fixed Rate: 4.44%
  • 5 Year Fixed Rate: 4.89%
  • Lender fee: £495

Standard Bridging:

Range Highlights:

  • Rates from 0.43% per month
  • 1st charges up to 70% LTV including interest rolled up
  • 2nd charges up to 60% LTV
  • Minimum loan £300,000
  • Maximum loan £4,000,000 first charge, £1,000,000 second charge
  • Adverse credit considered
  • Flats above commercial units
  • Vendor deposit or undervalue transactions considered
  • Refinance of bridging loans and development finance considered
  • Short leases where the unexpired term is greater than 50 years considered (dependent on location and proven demand)

To discuss Masthaven Bank call our sales team on 01403 272625 (option 2) or email us at sales.team@impactsf.co.uk To discuss Bridging and Commercial call on 01403 272625 (option 4) or email us at impactcommercial@impactpackaging.co.uk