Masthaven has increased the loan-to-value (LTV) for its prime bridging range from 70% to 75% to reflect broker feedback and give customers greater borrowing flexibility.
The increased LTV is valid on purchases up to £750,000 and available for owner-occupied homes and property investors.
Masthaven managing director of short term lending James Bloom said the LTV rise was evidence of its commitment to giving customers more flexibility.
“It reflects the hard work we put in to ensuring we offer products that meet the financial and personal circumstances of our borrowers, and illustrates how we listen to the feedback from our broker partners,” he said.
Last month, Hope Capital CEO Jonathan Sealey called on bridging lenders to be prepared to go to higher loan-to-values where it was appropriate with borrowers or risks they were familiar with.
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