Masthaven Bank has made a series of changes to its bridging products, including rate cuts.

The starting rate on the lender’s core bridging product is now 0.43%, down from 0.48%, making it the lowest rate Masthaven has ever offered.

Alongside this, it is offering a re-bridging option on this loan again, too.

Within its mini bridge range, the lender is now accepting applications for multiple properties and in its refurbishment range, rates now start at 0.48%.

Masthaven director of bridging Alan Margolis says: “The demand for bridging products has grown over the last year.

“Lockdowns, stamp duty deadlines and pandemic-induced chain breaks have all disrupted the traditional homebuying process and have meant that bridging finance has come into its own.

“Bridging is now truly a mainstream product and because of this we’ve made sure that our bridging rates are very close to those we offer on our traditional residential mortgages.”