Masthaven launches new BTL products and cuts rates

Masthaven has launched a range of new buy-to-let products, as well as cut rates on select offerings.

Notable new products include a 70 per cent LTV two-year fix at 3.63 per cent. Complex properties including HMOs with up to ten bedrooms, flats up to 20 floors and retirement properties are considered for this product, according to the lender.

In addition, a 70 per cent LTV two-year fix at 3.89 per cent has been launched. This product caters for Airbnb and holiday lets, as well as the ability to remortgage with less than six months’ ownership.

Reductions include the 75 per cent LTV two-year fix at 3.14 per cent having been cut to 3.09 per cent. This offering considers borrowers with a failed credit score and allows gifted equity from family.

Masthaven managing director of mortgages Matt Andrews comments: “The rental sector has undergone some big changes over the last few years and some landlords and tenants have felt the strain.

“In a bid to support the market, we wanted to create a product range that offers brokers access to products that meet market needs.

“We want to offer products that suit UK borrowers. As mortgage requirements change, the industry must offer affordable and flexible options that keep up with modern life.”

3mc director Doug Hall says: “Masthaven’s revamped BTL product suite will provide a much-needed boost to the intermediary market.

“BTL has been in need of innovation for some time, so we are extremely pleased to see this distinct new offering from Masthaven.”



Masthaven secures new funding from Värde Partners

Masthaven has secured a new line of funding through the investment firm, Värde Partners. Värde Partners has now invested £60m in the bank, with the agreement announced in September 2018. The arrangement will allow Masthaven to increase lending to new borrowers and SMEs over the following three to five years, according to Masthaven. In addition, […]

Masthaven announces new BDM

Masthaven has appointed Jez Quinn as its new business development manager. Quinn, who has over 10 years’ experience in the mortgage industry, joins from Secure Trust Bank PLC where he was business development manager for the bank’s central region. Prior to this Quinn held various positions at West Bromwich Building Society, including business development manager. […]

Successful man in elegant white shirt standing with his back to the camera with his arm spread widely towards beautiful majestic evening sky as he celebrates his success

Brokers “bullish” for 2019: Masthaven

Masthaven’s latest “Broker Beat” report describes 75 per cent of specialist intermediaries in expectation of increased sales during 2019. In contrast, 2.5 per cent expect a decline. This informs the fact that 84 per cent of brokers asked have confidence in their own company’s prospects over the next 12 months, with half of these replying […]


News and expert analysis straight to your inbox

Sign up