V Loans chosen to launch Masthaven’s new secured loans lender
V Loans, the national secured loans packager, has launched the first product range of new second charge lender, Masthaven Secured Loans Ltd, through its introducer network.
Masthaven Secured Loans Ltd, the sister company of Masthaven Bridging Finance and based in Central London, is headed by Stuart Aitken, who was a director at lenders SPML and SPPL.
Highlights include products aimed at buy to let borrowers with a valuable interest only option and facilities available for business purposes, purchase of holiday homes, debt consolidation and transfer of equity.
Marie Grundy, Operations Director at V Loans, said:
“ We are delighted to have been chosen as one of the select packagers with whom Masthaven has launched its 2ndcharge lending proposition to the intermediary market. Having a new lender headed by someone with Stuart’s knowledge and understanding of the market, comes at a time when secured loans are becoming an important product for intermediaries, whose clients are looking to capital raise but cannot remortgage.”
She added “ The new product range provides more depth for brokers and adds to the choice available, which will in turn promote a greater sense of competition. These are good days for the 2nd charge sector and Masthaven’s arrival could not have been better timed.”
Stuart Aitken, Chief Operating Officer at Masthaven Secured Loans Ltd, commented:
“ The partnership with V Loans has developed over the past months as we have tested our systems and initial products with them and a few other chosen partners. As a new lender in the secured loans sector we are delighted to be working with V Loans and offering some exciting new alternatives to the intermediary market.”