Masthaven Secured Loans has cut the rates on 37 products across its range and is now offering up to 1.6% on variable rates and up to 2% on fixed rates
It has also increased its maximum loan size to £200,000 on prime plans with larger loans being considered on a referral basis
Jon Sturgess, head of sales, secured lending at MSL, said, “I am delighted to be able to announce these enhancements to our proposition. Introducers to Masthaven have been delighted with the recent changes we have made and these latest moves are just part of the good news story we will be bringing to the market as Masthaven moves towards becoming a retail bank.”
Alongside the changes Masthaven has also reduced its minimum lender fee to £595.