Masthaven has announced that, with immediate effect, it is extending the reach of its products and service into Scotland for both of its business units Masthaven Bridging Finance and Masthaven Secured Loans.

Masthaven Bridging Finance will lend up to 70% LTV on a first charge basis for both regulated and non regulated bridging loans in the larger cities of the country.

Masthaven Secured Loans will extend its current product offering on the same terms and criteria already available in England and Wales.

Richard Deacon, sales and marketing director, said: “This is great news for Masthaven and a fantastic way to start the New Year.

“Masthaven has identified a potential area of growth that is very much under the radar of the majority of other lenders and can give our business levels a real boost.

“For some time now we have had a number of very high quality Scottish introducers giving us business in England and Wales, but also wanting to use us to place their Scottish business. Now they can.

“It is a huge opportunity and one that I am relishing to build new relationships in.”

Stuart Aitken, chief operating officer of Masthaven Secured Loans, said, “We are delighted to be able to offer our products in Scotland so soon after our initial launch, and look forward to growing a substantial market presence throughout the UK.”