£3.5 million of bridging loan completions in first month using Masthaven’s new facility
The Loan Partnership and KIS Finance, who have a close working relationship with each other, recently set up a new Premier Partners facility with Masthaven Bank to deal with bridging loans.
November was their first month of completions on the new plans, where they completed £3.5 million of bridging loans.
Holly Andrews, pictured, managing director, KIS Finance said:
“Overall working with Masthaven has been easier than expected, and we didn’t expect to be passing this amount of business to them so early on. However we have found that Masthaven have an interesting and competitive range of bridging plans, providing our customers with useful alternatives to our usual panel.
Despite December being a short working month, we expect to pass £4 million in completions.”
Roz Cawood, Senior Business Development Manager at Masthaven commented:
“It was an easy decision for us to partner with The Loan Partnership & KIS. Both are experienced professionals and a natural fit for our bridging loans offering. Working with the team has been a pleasure and we’re delighted with the business levels achieved so far. As the bridging market grows from strength to strength, we look forward to working with this team as the sector continues to thrive.”