Masthaven Bank has brought the minimum loan amount for its bridging, specialist bridging and refurbishment products from £300,000 to £200,000.
The lender says its bridging products will therefore receive a 15 basis point cut, starting at 0.43%.
Alongside this, Masthaven is bringing in dual legal representation across its bridging range, aiming for a “smoother and cheaper” legal process.
Masthaven sales director Richard Deacon says: “Bridging finance is no longer an option of last resort and we’re confident that the product updates we have made today will provide a greater number of customers with the finance that’s right for them.”
