Tag: Masthaven Bank
The forums have revealed there is still a clear demand for specialist lending as customers can have a blip on their credit profile, are looking at purchasing a property that some lenders may not want to lend on or the customer has an irregular income.
Specialist distributor, Clever Lending will have four specialist lenders participating at its upcoming forums including Masthaven Bank, Shawbrook Bank, Kensington Mortgages and MT Finance.
Alan Margolis has joined Masthaven Bank from Fintex Capital as credit and operations director for the short-term lending side of the business, a newly created role.
A lender and broker have acknowledged that specialist lending has an ‘image problem’ at FSE Glasgow today.
The bank already operates in the bridging and second charge markets – and after launching its residential offering today the plan is to retain the focus on getting deals over the line quickly.
Through Clever brokers will be able to access Masthaven’s specialist residential, commercial and bridging products.
The bank will launch into the mortgage market in full in early 2017 after revealing details of its development finance and bridging ranges today.
Masthaven Bank wants to lend by the end of 2016.
Ilsen said a direct replacement won’t be made and it will be “business as usual” for the lender, while Ross said Bloom represents one of the many successful young entrepreneurs the business has trained in its 80 year history.