Today Masthaven have released some significant changes to their first charge and second charge criteria.

The changes are as follows:

Secured Loans

  • Rate reductions across all variable plans with a starting rate of 7.15%.
  • All Five Year Fixed rates will now be 1.0% above the new variable rates
  • Loan amounts have increased to £200,000 on Prime plans and up to £150,000 on MSL 1 and MSL 2.
  • BTL: Rate reductions on all BTL plans with rates from 8.15% and fixed rates 1.0% above the variable rates.

First Charge

  • First charge rates reduced with a new lowest ever rate of 6.90%
  • BTL: Reduced fixed rates across the range by up to 1.20%, rates starting at 8.15%

Masthaven are perfect for clients with more complex requirements including those who had mortgage arrears.

The new criteria is now live on our system where you can get a quote in 60 seconds or alternatively, give us a ring on 01902 267443.