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Masthaven reaches £500m in assets

Martin Greenland | 07:29 Wednesday 17th October 2018

Masthaven has announced that it has generated £500m in assets driven by the growth in its diversified lending across short-term and long-term property finance.

The specialist bank has also generated £1bn of loan applications since it launched as a bank in 2016.

Masthaven reported that over 15,000 savings accounts have now been opened.

The achievements come alongside the specialist bank recruiting strongly into its team, which now has 170 employees.

Jon Hall, managing director at Masthaven (pictured above), said generating £500m in assets showed that Masthaven had transitioned from being a ‘new’ bank to an established, innovative specialist bank, delivering on its promise of personalised products from manually underwritten mortgages through to its flexible term digital savings.

 “We still feel like we are only just getting started, but it’s important both for our team and customers to celebrate these moments and say thank you for their support.’’

Last month, Masthaven introduced its business savings account.

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