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Exclusive: Masthaven slashes secured loans rates

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Exclusive: Masthaven slashes secured loans rates

Masthaven Secured Loans has announced significant rate reductions across its entire product range.

Products will now start at 9.95 per cent and 10.95 per cent for buy-to-let.

This reflects its rapid and sturdy growth over the past twelve months.

Paul Brett, Sales Director at Masthaven Secured Loans, said of the changes: “We are continually reviewing our product pricing and criteria, in addition to offering market leading service standards. We have many more enhancements and new products to come and will feed these through as the market expands. We welcome the fact that the industry is becoming more dynamic and competitive every day, which is great for brokers and ultimately the customer.”

At the start of the year Masthaven SL announced substantial improvements to every product in its range, with rate markdowns of up to 0.8 per cent, with buy-to-let rates starting at 11.75 per cent. In May, the secured lender had dropped rates across its products by 0.7 per cent.

Paul officially joined Masthaven this week to spearhead the sales strategy of the business. He said of his appointment: “This is an exciting time in the secured loan market and I am delighted to be working with Andrew Bloom, Stuart Aitken and the team at MSL. This is a lender with big ambitions to become an established force in the market and I am keen to use my knowledge and relationships to help MSL achieve success.”

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