In a survey of more than 200 intermediaries conducted in May some 65% said they were confident whilst 6% said they were very confident – a quarter said they were unsure.
Founder Andrew Bloom steps back from day-to-day involvement in the bank and moves to a NED position on the Masthaven board.
Masthaven has also confirmed it is accepting automated valuation models (AVMs), rather than physical property inspections, on its new products where possible.
Masthaven will be reviewing all pre-offer applications to asses the customer’s long-term affordability in light of COVID-19.
Andrew Bloom founded Masthaven in 2004.
Over three quarters of brokers in the specialist lending market are confident about the market over the next 12 months.
He said that the government must deliver the number of homes the country needs and it must support landlords.
Mortgage approvals for purchases fell slightly while approvals for remortgages rose.
Alongside Richard Deacon, Rob Barnard will be responsible for the sales division at Masthaven.
Bloom was previously managing director for the short-term lending division at Masthaven.