Masthaven

AToM is delighted to announce that we have been partnered with Masthaven Bank as one of their limited distribution partners for the launch of their First Charge Residential Mortgage Range

Masthaven's range is aimed towards customers it feels are underserved. These include complex self-employed borrowers, contractors, remortgages, first-time buyers with family deposits, the older generation and those who have experienced credit blips.

Product Highlights:
  • Loans up to 1,000,000
  • Loans up to 80% LTV
  • Terms up to 35 years
  • Up to 60% LTV on Interest-Only/Part and Part
  • No credit scoring!
  • Rates starting from 2.94%
  • Available up to age 85 at the end of term
  • Available on properties in England, Wales and Scotland
  • Self-Employed retained profit and projections considered!
  • Day rate contractors now accepted (income = day rate x 5 x 46)
Who can Masthaven help with their Mortgage range?
  • Any customer looking for an alternative to the high street
  • Self-employed customers, both straightforward and complex
  • Contractors with a short work history
  • Customers buying a new build property
  • Remortgaging for business purposes, tax bills, deposit for BTLs or helping family
  • First Time Buyers - unlimited gifted deposit/gifted equity
  • Customers borrowing into retirement
  • Customers with credit hiccups - no credit scoring!

Masthaven's Bridging Finance

Short-term loans made simple. Masthaven automate the admin, not the decision making. Result? Short-term loans that are streamlined to arrange yet shaped to each client's unique needs.

Arranging development finance with traditional banks can feel like an endurance race. At Masthaven they make it easy. We provide a fast, flexible, streamlined process, and simplicity all the way. 

**New Masthaven Bridging Plus Range**

  • Minimum Loan 750,000
  • Available for properties in England, Wales and Scotland
  • Loans up to 5,000,000 (first charge)
  • Loans up to £2,000,000 (second charge)
  • Up to 70% LTV including rolled-up interest
  • Terms up to 12 months (regulated loans)
  • Terms up to 18 months (unregulated loans0
  • No Exit Fees
  • No ERCs
  • CCJs and Defaults older than 36 months ignored

Masthaven's First Charge Bridging Loans

Suitable for owner occupied or property investors, we can provide first charge residential bridging loans from £100,000 to £5,000,000.

Key Features:

  • **New** 75% LTV available on purchase on Prime Range through AToM
  • Available for properties in England, Wales and Scotland
  • Loans from £100,000
  • Loans up to £750,000 on Prime range
  • Loans up to £3,000,000 on Standard range (£1,000,000 on second charge)
  • Maximum 70% LTV (including rolled up interest)
  • Terms up to 12 months for regulated loans
  • Terms up to 18 months for non-regulated loans
  • No Exit Fee
  • No Early Redemption Penalty

Masthaven's Second Charge Bridging Loans

Designed for anyone looking for second mortgage residential and investment property, we can provide second charge Residential Bridging Loans from £30,000 to £1,000,000 over terms from 1 to 12 months.

Key Features:

  • Available for properties in England, Wales and Scotland
  • Loans from £100,000
  • Loans up to £1,000,000
  • Max 65% LTV (including rolled up interest)
  • Terms up to 12 months for regulated loans
  • Terms up to 18 months for non-regulated loans
  • No Exit Fee
  • No Early Redemption Penalty

Masthaven's Renovation and Refurbishment Bridging Loans

Renovation and refurbishment bridging loans are ideal when high street funding for refurbishing or finishing is difficult to secure because of the current condition or state of the property.

Key Features:

  • Available for properties in England, Wales and Scotland
  • Loans from £100,000
  • Loans up to £2,000,000 (first charge) and £500,000 (second charge)
  • Max 65% LTV (first charge) and 60% LTV (second charge)
  • Terms up to 12 months for regulated loans
  • Terms up to 18 months for non-regulated loans
  • No Exit Fee
  • No Early Redemption Penalty

Masthaven's Commercial First and Second Charge Bridging Loans

These short-term loans are designed to be used to buy commercial property including shops and offices, until long-term finance can be arranged.

Key Features:

  • Available for properties in England, Wales and Scotland (First Charge)
  • Available for properties in England and Wales (Second Charge)
  • Loans from £100,000
  • Loans up to £1,000,000 (first charge) and £250,000 (second charge)
  • Max 60% LTV (first charge) and 50% LTV (second charge)
  • Terms up to 12 months for regulated loans
  • Terms up to 18 months for non-regulated loans
  • No Exit Fee
  • No Early Redemption Penalty

Masthaven's Development Finance

We can provide finance between £150,000 and £2,000,000 for new build developments, self-build projects, refurbishments and conversions.

Key Features:

  • Available for properties in England and Wales (Scotland by exception)
  • Available for ground-up developments including self-build, barn conversions and extensions increasing the square footage over 50%.
  • Loans from £150,000 (£100,000 for completion of works)
  • Loans up to £2,000,000
  • Max 50% LTV of purchase price - contribution reduced to 25% for self-build
  • Up to 100% of build costs
  • Terms up to 12 months for regulated loans
  • Terms up to 18 months for non-regulated loans
  • No Exit Fee
  • No Early Redemption Penalty
  • Simple stage payment system

To discuss Masthaven's first charge mortgage range, call our Sales Team on 01403 272625 (option 2) or email us at sales.team@atomltd.co.uk

To discuss Masthaven's Bridging, Development and Commercial range, call our Commercial team on 01403 272625 (option 4)