Masthaven cuts bridging rates


James Bloom, Masthaven

Masthaven, the specialist bank, has today announced that it has substantially revamped its short-term lending offering to include reduced rates for the whole of market and an improved refurbishment bridging feature.

The bank has unveiled some of the largest ever rate reductions in its product suite. These rates are now available to the whole of market, providing brokers with more choice, access to the lender’s best pricing and the option to utilise specialist bridging experts. The widened offering is part of Masthaven’s ongoing mission to level the playing field and make bridging fully accessible to the whole broker community.

The new rate reduction highlights, across Masthaven’s regulated and non-regulated products, include:

  • Prime Bridging Plus now 0.48% up to 50% LTV, 0.53% up to 60% LTV
  • Prime Bridging now 0.48% up to 50% LTV, 0.58% up to 60% LTV


With refurbishment accounting for nearly three in ten bridging cases, Masthaven has revealed it will now offer a refurbishment loan with a maximum loan size of £2 million, available for the first time on its Prime product and with enhanced criteria on Standard.

The new Prime proposition covers non-structural work including kitchens, bathrooms, heating, wiring, windows, doors and roof coverings. The enhanced refurbishment criteria on Standard includes extensions up to 50% of square footage, loft conversions and the conversion of single units into multiple units (residential only, maximum 4).

Other key features include:

  • Top up on both Prime and Standard products up to 100% of the cost of work, providing there is no LTV increase from the original advance
  • Surveyor’s inspection and quick release of funds


The revamped product range follows a series of achievements for Masthaven, including the closing of a £60 million investment from global investment firm Värde Partners. The bank also recently reached £0.75 billion in assets, driven by the growth of its diversified lending, in which the bank’s short-term property financing played a huge role.

James Bloom, pictured, Managing Director of Short-Term Lending at Masthaven, says:

“As the bridging market continues to increase in size, so does the needs of brokers within this sector. That is why we have listened to our broker partners to offer Masthaven’s revamped and highly competitive bridging range. We believe that bridging products should be a core part of every broker’s toolkit and recognise that in an increasingly diverse lending world, brokers need a range of short-term solutions supported by excellent service and competitive rates.

“Offering our new refurbishment proposition and reduced rates to the whole of market is our way of providing brokers with both the confidence to recommend these products and maximum flexibility to cater for a wide range of client scenarios. We are positive that these decisions will be game changing for the sector as we continue to further develop our short-term lending proposition throughout the year.”

Commenting on the launch, Stephen Burns at Adapt Finance says:

“We’re delighted to see Masthaven roll out competitive, low-cost new bridging rates to the wider market. As a leading provider of short-term finance, Masthaven is always listening to brokers and reviewing its product suite accordingly – this latest change is testament to that.

“With the introduction of its new refurbishment feature, the lender rightly recognises that bridging finance is moving into the mainstream and is now a versatile lending stream for a whole range of different uses. We look forward to offering this exciting new bridging range to our customers.”