Masthaven Bank has today (Tuesday 28 April 2020) launched a new fees-free remortgage range on its first charge residential two-year and five-year fixed remortgage products. The specialist bank has released the limited-edition products in response to continued demand for remortgages, particularly for fees-free ranges, during the coronavirus outbreak.
Masthaven says the new products are designed to empower brokers to offer their customers greater flexibility around their remortgage options.
Rob Barnard, pictured, director of intermediaries at Masthaven said:
“Many homeowners are approaching the end of their current mortgage scheme and are beginning to explore their options. Brokers are working to support that process, and Masthaven is supporting homeowners and intermediaries with this new range of fees-free products.
At Masthaven, we are working to respond positively to changes in the market and these new products follow the launch of our new bridging valuation options earlier this month. We are doing all we can to support our broker partners as we trade together through this challenging time.”
Key features of the new Masthaven products include:
- No standard legal fees
- No lender fee
- No application fee
- Free valuation
Masthaven has also confirmed it is accepting automated valuation models (AVMs), rather than physical property inspections, on its new products where possible.