Masthaven Bank has made changes to its current bridging range, including introducing new refurbishment and Mini Bridge ranges.
The separate refurbishment range includes a heavy refurbishment option.
The bank has also introduced a Mini Bridge product for loans between £200,000 and £300,000, designed for smaller straightforward loans where time is important.
The bank continues to offer its standard bridging products for loans over £300,000, as well as its specialist bridging products, which are specifically designed for more complex cases or customers who have recent adverse credit history.
Alan Margolis (pictured), director of bridging at Masthaven, said: “During the pandemic, bridging has been a vital tool for homebuyers looking to complete purchases quickly, but responsibly. As we navigate a third national lockdown and enduring economic uncertainty, adapting our product offering is vital.
“At Masthaven, we want to respond positively to changes in the market and rising demand. These latest updates to our bridging range will allow us to be competitive in the market and offer great service as we work collaboratively during this challenging time.
“Brokers can access our new product range through our broker portal where they can get quick quotes, instant Decision in Principles for straightforward cases and credit backed decisions for more complex cases and apply online.
“Through our updated range and portal, we aim to make it is as simple and efficient as possible for brokers and borrowers to access the short-term lending solutions that are right for their individual needs.”
