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Masthaven improves long-term lending range

Tom Belger | 14:51 Monday 4th June 2018

Masthaven has launched a first charge residential three-year fixed rate mortgage as it looks to enhance its long-term lending range.

The specialist bank has also announced rate reductions within its buy-to-let and second charge offerings.

The new updates include:

first charge products:

• an enhanced BTL product range with rate reductions across the board
• a competitive BTL five-year fixed product starting at 3.34% up to 70% LTV
• a brand new residential three-year fixed rate, starting at 3.14% up to 70% LTV

second charge products:

• reduced residential rates with a two-year fixed deal now available from 4.24% up to 65% LTV
• a BTL range available with up to 75% LTV

Matt Andrews, managing director of mortgages at Masthaven (pictured above), said it constantly reviewed and updated its product lines to ensure its customers benefited from competitive and affordable lending options.

“We are delighted to be able to reduce our rates to offer a competitive five-year fixed deal and at the same time launch a very competitive three-year fixed rate mortgage for our first charge residential borrowers.“We work closely with our broker partners to make sure we are listening to the needs of our customers and our latest update and launch reflects our drive to offer competitive products.

“We wanted to offer our customers a shorter alternative to the already popular five-year deals.”

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