Second charge lender, Masthaven Secured Loans is the sister company of Masthaven Bridging Finance.
The range includes products aimed at buy-to-let borrowers with a valuable interest-only option and facilities available for business purposes, purchase of holiday homes, debt consolidation and transfer of equity.
Marie Grundy, operations director at V Loans, said: “We are delighted to have been chosen as one of the select packagers with whom Masthaven has launched its second charge lending proposition to the intermediary market.
“Having a new lender headed by someone with Stuart’s knowledge and understanding of the market, comes at a time when secured loans are becoming an important product for intermediaries, whose clients are looking to capital raise but cannot remortgage.”
Grundy added: “The product range provides more depth for brokers and adds to the choice available, which will in turn promote a greater sense of competition. These are good days for the second charge sector and Masthaven’s arrival could not have been better timed.”
Stuart Aitken, chief operating officer at Masthaven Secured Loans, commented, “As a new lender in the secured loans sector we are delighted to be working with V Loans and offering some exciting new alternatives to the intermediary market.”
