Masthaven
Masthaven has been operating as a principal lender since it was established in 1983. During this period the Directors of Masthaven have experienced every aspect of bridging finance, thus ensuring that they provide high quality advice. They are innovative lenders who are looking to build long term relationships with intermediaries.
Paradigm Exclusive
To celebrate the launch of Paradigm and Masthaven there is a special introductory offer available only to Paradigm members. For the month of April the cost of the valuation will be refunded on all completions – saving as much as £1385.
Why use Masthaven
In today's market there are a number of bridging finance lenders so why should you choose to use Masthaven?
- Specialist principal lenders for over 25 years
- Very competitively priced, why go to other bridging finance companies and pay more?
- Valuations and legal fees at cost
- Most types of security considered
- Quick funds. Average completion time is seven working days for first charge lending and ten working days for second charge loans. Can be quicker if required.
- Non status lender
- Total focus on honesty and integrity. Clients pay the price quoted. NO HIDDEN FEES.
Key reasons to use Masthaven
- One low rate of 1.25% per month for all residential first charge lending irrespective of LTV, property types and status.
- First charge lending on commercial property at 1.45% per month
- LTV based on a combination of open market value and purchase price
- No exit fees
- Low legal fees
- Valuation and legal fees at cost
- Daily interest
- Most security considered, including residential and commercial
- 100% LTV available in many situations.
The table below shows terms for 95% of loans. They may be altered but only in unusual circumstances.
1st Charge Lending |
|
Loan Duration |
1-12 Months |
LTV |
70% of OMV or 80% of purchase price, whichever is the lower |
Monthly Interest Rate - Residential |
1.25% |
Monthly Interest Rate - Commercial |
1.45% |
Arrangement Fee |
1.5% - 2%. |
Valuation Fee |
See PDF documents below |
Legal Fee |
See PDF documents below |
Paradigm members will receive half of the Arrangement Fee and half of Paradigm’s override will go into their annual pay-out. Contact Paradigm for full details.
Product Guide February 2009
Legal Fees
Survey Fees
Full details of all products and services at www.masthaven.co.uk