Masthaven Bank plans to launch a residential mortgage range ‘early this year’, according to a spokesperson from the bank. Its range will cater for self-employed borrowers or those with complex income structures or borrowers who have had past credit problems. A buy-to-let range aimed at professional landlords is also expected to be available.
It already offers second charge mortgages, which are being distributed on a restricted basis, while the bank trials the range through a pilot programme. A full second charge mortgage launch is planned for this year.
Andrews (pictured) will be reporting into Jon Hall, managing director of Masthaven.
Bluestone confirmed earlier today that Andrews (pictured) had left the firm and would be replaced by David Torpey in July. CEO Peter McGuinness will step into the role in the interim period.
Andrews’ start date at Masthaven has yet to be confirmed.