Considered a relative newcomer to the UK banking scene, Masthaven has been in business since 2004 and became a bank in 2015. Adopting an entirely different approach to lending than most conventional banks, Masthaven takes pride in being dynamic, flexible and accessible. The result of which is a huge portfolio of specialist loans and mortgage products, available at competitive rates of interest.
Like most major banks, Masthaven offers mortgages with fixed and variable rates of interest, along with tracker mortgages where preferred. All lending decisions are based primarily on credit checks and financial background checks, though Masthaven is known for being more flexible than the average bank. They also offer specialist advice and support for current and prospective buy to let investors.
Contrary to popular belief, there’s no such thing as a ‘typical’ mortgage loan or cost. This is because every mortgage loan is different – tailored to meet the requirement of the borrower and charged in accordance with their personal circumstances. However, most banks also have their own unique approach to additional borrowing costs, alongside the primary APR charged on the loan.
For example, some banks charge arrangement fees, admin fees, completion fees, early repayment fees and so on. Some of which are charged as a fixed fee, others as a percentage of the value of the property. Depending on the lender you choose, you could end up paying thousands of pounds more (or less) for your mortgage. This is one of many reasons why it pays to compare mortgage deals from as many lenders as possible.
At UK Property Finance, we simplify the process of comparing the market for the benefit of our customers. More importantly, we conduct whole-of-market mortgage comparisons, factoring in major banks like Masthaven and the UK’s smaller mortgage specialists. We often find that the best deals available for our customers are found beyond the High Street – particularly where specialist lending requirements (poor credit, commercial mortgages etc.) are concerned.
Whether you’re ready to apply or simply considering a property purchase, we’d be delighted to hear from you. We can provide you with a pressure-free, obligation-free consultation to help you get to grips with the available options. After which, we’ll carry out a whole-of-market comparison on your behalf and help you choose the best mortgage to suit your needs and your budget.
Whether you are in the market for a competitive buy to let mortgage or interested in applying for a Right to Buy mortgage, your ideal loan may not be available on the High Street. We strongly advise conducting a comprehensive market comparison before applying directly to any lenders like Masthaven Bank.
As a 100% independent broker, we are able to provide objective and impartial advice on all types of mortgages. From Right to Buy mortgage eligibility to the most competitive buy to let mortgage deals on the market, we go the extra mile to consistently undercut the competition. Even if your credit history is not up to scratch, we will provide the support you need to ensure you access a competitive deal.
The good news is that in order to find the best deal, it’s simply a case of working with a broker you can trust. Our close connections with dynamic lenders like Masthaven enable us to quickly and completely compare the entire UK market. Simply let us know what you need and when you need it – we’ll take care of the rest.