Tag: Masthaven Bank
In a list from UK Finance of the value of gross lending of its members, Clydesdale’s lending dropped from £5.9bn in 2017 to £5bn in 2018.
The website’s new criteria search also includes a live API connection with Knowledge Bank, in conjunction with Dock9.
Nearly three quarters (73%) of intermediaries working in the specialist sector feel confident about the prospects for the mortgage market.
Masthaven’s regulated and non-regulated products include a Prime Bridging Plus product at 0.48% up to 50% LTV and 0.53% up to 60% LTV. Meanwhile the Prime Bridging mortgage now stands at 0.48% up to 50% LTV, 0.58% up to 60% LTV.
The prime bridging plus is now 0.48% up to 50% LTV and 0.53% up to 60% LTV.
Masthaven Bank funders Mark Pears and family came 45th this year, up four spots from last year. They’re now worth £3.3bn, £55m more than last year. The family owns 12,000 properties worth £8bn, through the Telereal Trillium firm.
MI Live, hosted by SimplyBiz, is returning on Monday 13th May.
Masthaven said the investment along with its existing capital base, will enable it to significantly increase lending to consumers and SMEs over the next three to five years as well as provide innovative deposit solutions to its customers.
James Bloom, managing director of short-term lending at Masthaven Bank, said borrowers have been opting for longer-term bridging deals for more certainty by looking for 18-month non-regulated loans for both bridging and development.
Under the terms of the latest agreement, the comprehensive VAS Panel database will be used on all commercial loan security valuations to ensure the most relevant third-party RICS-qualified surveyors are instructed based on location, deal type and value.