Masthaven Finance has revamped its product range and lowered its minimum loan size from £50,000 to £30,000 as it looks to bring innovation to the market.

Its new products cater for UK nationals living overseas and non-UK registered companies, while other new products are for seconds renovation and seconds commercial.

The lender, specialising in bridging and secured loans, will accept loans from expats across all of its ranges, while it will open up its offering to UK residents with a right to reside with foreign passports from China and India.

Masthaven wants to continue bringing new products to market over the next 12 months.

Andrew Bloom, its managing director, said: “As a company, we are keen to open up new opportunities to lend and from the feedback of key introducers, we have looked at lending in areas which have not been exploited by lenders in the past.

“The end result is a raft of new products and enhancements. We have also looked at the pricing model and made reductions across our product range which I know will be welcomed by introducers.

“While maintaining our strong stance on the quality of business we write, all of the fresh initiatives will provide our introducers with new opportunities to help their clients.

“Our aim is to be the leader in bringing innovative products to advisers, matched by the peerless Masthaven service our introducers have come to expect from us.”