Masthaven has launched a new buy-to-let mortgage range, which will initially be available exclusively for brokers through Buy To Let Club.
The new proposition will be available for both purchases and remortgages with two and five-year fixed rate options at 70%-75% LTV, as well as a two-year variable option also with 70%-75% LTV. These start from 3.44% with a maximum portfolio limit of up to eight properties and a maximum of £2,000,000 indebted with Masthaven.
Other product features include no dual pricing for ltd companies, individuals or houses of multiple occupancy (HMO).
Matt Andrews, managing director of mortgages at Masthaven, said: “We apply a common-sense approach to everything we do at Masthaven, and that includes talking to our brokers when creating new products.
“With the help of our key partners we want to make sure our new buy-to-let products and the way we service them, are spot-on before rolling them out to the wider market. This new range brings with it some very exciting elements as we further expand our specialist lending offering, reflecting the long-term plans of Masthaven.”
Ying Tan, managing director of Buy To Let Club, added: “Due to increased regulation and change in the market, investors and brokers alike are certainly looking for lenders who show a more flexible approach to lending and I believe Masthaven’s new proposition certainly hits the mark.
“We’re excited to offer our members exclusive access to these brand new rates that we expect will generate a lot of interest.”