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Do you expect to see less or more second charge mortgage lenders in 2018?

Masthaven completes its largest second charge mortgage

The loan was arranged with Intelligent Loans for £457,885 to help the client predominantly with home improvements, as well as debt consolidation and to clear an existing second charge loan.

The specialist bank agreed the loan at an LTV of just under 70%. 

“Intelligent Loans came to Masthaven to discuss a large loan case that they were looking to place,” said Jon Sturgess, head of sales at Masthaven (pictured above).

“Having previously worked with them on similar loans, we were able to work together to deliver the best outcome for the customer.

“With loans of this size, it can sometimes be a challenge to understand the full complexity of the case, and so our underwriting team worked closely with the team at Intelligent Loans to overcome this aspect.

“The end result was a delighted customer.”

Alun Winter, director at Intelligent Loans, added: “Over the past few months, Masthaven has shaken up the established order in the specialist lending sector.

“It is testament to its current product range and service standards that we trusted them with such a large facility.

“This particular application wasn't without its obstacles, and not for the first time Masthaven went above and beyond to ensure the client was treated fairly.”

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