Providing an extensive range of flexible financial products and services since 2004, Masthaven Bank was founded on the principle that ‘one size doesn’t fit all’. Headquartered in London, Masthaven Bank specialises in future-focused lending for private and business customers alike, with strong focus on flexible and fixed term savings accounts, bridging loans, development finance and mortgages.
''We are highly competitive with the bank rates of Masthaven. No matter what type of loan or mortgage you're searching for, we have the best rates for finance in England!''
Bridging finance is a type of short-term loan. A bridging loan is best thought of as a short-term loan which gets you from A to B until you either clear the loan in full or secure a more permanent form of finance. That’s where the “bridge” concept comes in – finance to get you from one step to another.
Masthaven Bank bridging loans are only intended as a temporary financing option. A bridging loan is used to bridge a void between a debt which is due and the main line of credit becoming available. Alternatively, a bridging loan can serve as a temporary loan in desperate situations. Bridging loans can be indispensable in helping with purchasing a property which in other circumstance wouldn’t be feasible. But as you might expect with a stop-gap measure, they can be substantially more expensive than a ‘ normal’ loan. Bridging loans can be used for any number of purposes and can be quite complex in nature. While banks like RBS, Barclays and Santander use fixed guidelines when reviewing loan applications, in comparison, bridging finance lenders take a more flexible approach.
The uptake of bridging finance has grown in recent years, with the huge banks and including the likes of Yorkshire Bank, HSBC and the Halifax becoming slower and increasingly hesitant to provide mortgages, with sales becoming a more protracted process. With the introduction of the Mortgage Market Review rules, mortgage applications became a longer process, raising the possibility that bridging loans might end up being far more popular still for time-critical purchases both now and in the imminent future.
The very first step in applying for a bridging loan is to enter your basic details; the property you are providing for the security, type of bridge loan you want and your name into our online loan application. When we've got your online application for a bridging loan we will be in touch for additional details we will need to process it further.
Our bridging loan calculator is easy, free and straightforward to use. It's an extremely useful tool that can help you:
Our bridging loan calculator can assist you in finding a bridging loan that's right for you. Along with providing you with an accurate estimation about how much you could borrow and how much it's going to cost you, it can also help you narrow down the deals which are best suited to your circumstances.
Masthaven is one of the few major banks to offer a wide range of specialist development finance products. Eliminating the traditional complexities of arranging development finance for all purposes, Masthaven promises a uniquely flexible and uncomplicated application process. All with competitive rates of interest and attractive borrowing costs.
Here at Donkey Finance, we work with leading development finance specialists across the UK. By comparing deals from dozens of mainstream lenders and independent specialists, we’re able to pinpoint the perfect development finance product for every applicant.
Rather than scouring the market for the best possible deal, why not let us do the donkey work on your behalf?
Arranging development finance with traditional banks can feel like an endurance race. At Donkey Finance we make it easy. With direct access to experienced decision makers we offer a more personal service. We provide a fast, flexible, streamlined process, and simplicity all the way.
Masthaven currently divides its development finance products into two brackets – light development finance and development finance. A few key details for each as follows:
Before making your final decision, we strongly recommend considering all available options. Not to mention, comparing deals from lenders across the UK to ensure you get the best possible value for money. At Donkey Finance, we’re standing by to offer our full support.
Contact a member of our support team today to discuss any aspect of development finance in more detail.
A mortgage is an enormous financial commitment, so you need to know just how much it's going to cost. The best way to finding this out is to use an online mortgage calculator which allows you to figure out exactly what your payments are going to be, whether you are a first-time buyer, moving home, re-mortgaging your property or applying for a buy to let mortgage. Will you get a mortgage big enough to buy your dream home? Are you concerned about the payments? Regardless of whether you're an experienced investor or a first-time buyer, a mortgage calculator can help you find out exact figures you need in order to get there.
An online mortgage calculator is extremely easy to use – so much so that within a few of seconds you'll know how much the payments are going to be based on the rate of interest, how much you need to borrow and the mortgage term.
The tool, also known as a re-mortgage calculator or APR calculator, works for a broad spectrum of mortgages – from first-time buyer mortgages to buy-to-let mortgages. Remember that these results only offer a quick indication of how much you are going to need because all mortgage providers have different ways of assessing how much you can borrow and the what repayments are likely to be.
A Help to Buy loan is designed to help first-time buyers get on the property ladder or buy a new home without a huge down payment.
The Help to Buy scheme has is made up of three main parts:
Help to Buy equity loans, London Help to Buy and Help to Buy ISA.
To be eligible for Help to Buy, you must always:
Help to Buy equity loans are one of the most popular paths into home ownership and are available to people who wish to purchase a new-build home.
These loans work like this:
A commercial mortgage is used to buy business premises or to buy an existing business. Commercial mortgage providers typically require a deposit of 25% to 40% of the total value and mortgage terms can run from twelve months, up to forty years. Getting a commercial mortgage is based on the ability of your company to be able to meet the repayments.
You'll also find that lenders will evaluate your business prior to quoting you an interest rate. They typically look at the current position, past performance and long-term future plans. The rate of interest you'll be quoted will be based on these factors and may be greater if the underwriter identifies higher risk in the proposal. You may have to give a thorough business plan showing you're able to make repayments each month, and a professional evaluation is usually required.
Funding for business is not meant to be a long-term loan that is difficult to pay off, which is why business funding is obtained through offering items for collateral that can be repossessed if the customer fails to make payments on their new business funding. Just like any other lender, the professionals at Masthaven make sure to consider whether or not the company that they are going to loan money to is a good risk or not. Factors for obtaining small business funding include the ability to pay back the loan, what will be used for collateral, financial statements, and the creditworthiness of the applicant.
At Donkey Finance, we are similar to the lending team at Masthaven in that when we are looking to provide business finance, we make sure to take into consideration the collateral that will be used. While Masthaven has very strict rules about what type of collateral can be used for new business finance, at Donkey Finance, we consider all security property that a company has to offer. This is one reason that we offer the best alternative business funding, and people who need business start up funding know that they can come to us for help.
Small business finance needs to be taken care of quickly. Every small business owner knows the difference that a few hours or days can make in receiving financing, which is why we are committed to offering the fastest turnaround and response times. Masthaven will respond to your request for finance for business in a few hours, but they often do not fully assess your application or provide you with information on your approval or denial for days. This can be very frustrating for applicants who need financing right away to make a purchase or pay a bill, which is why we offer approval within 24 hours.
With business loans up to £200K and the ability to apply online without having to call an expert on the phone or stop in a location to see a person face to face, it’s easy to see why, at Donkey Finance, we offer some of the best business financing options in the area and why we have so many happy business customers. Skip the loan wait and the frustration that comes with dealing with a lender during business hours, and get the money that you need right away with our help.
A commercial loan is a short-term, and it might be renewable when it's matured. Commercial loans are used to fund capital needs; that is, needs for operations of the company. Commercial loans can be obtained from a credit union or bank. Usually, the business' assets are used to secure the loan. To get approved for a commercial loan, the business needs to be seen as a good credit risk. A commercial loan officer scrutinises various financial and tax statements, and a business plan, to determine how good a credit risk the business is.
Online loan calculators compare loans that can be paid back between terms of 1 and 25 years. The APR you'll be charged will depend on your circumstances and tends to be between 3.2% and 100%. You can compare the cost of various deals by altering the loan term or the amount you want to borrow. Alternatively, you can enter your monthly budget and let the calculator tell you how much you can borrow and over what term. An online loan calculator can be used for all types of loans ranging from unsecured and secured to business and home loans.
Over recent years, Masthaven has come to be known as one of the most dynamic and flexible lenders on the UK market. For investors looking to purchase properties at auction, Masthaven currently offers an extensive range of standard and commercial bridging loans. Promising the fastest possible pay-outs and competitive rates of interest, Masthaven is one of the many leading lenders we work closely with at Donkey Finance.
Bridging loans represent the ideal solution for buying properties at auction. With Masthaven, this popular type of auction finance is available in sums from £100,000 to £3,000,000, with no credit checks required. In addition, anyone looking to borrow more than £750,000 is provided with better interest rates and more dedicated account management.
Key product features at Masthaven include the following:
Masthaven also offers bridging loans for commercial and semi-commercial property investments. The mechanics of the loans are similar to those of standard bridging loans, with the following key features and criteria:
Here at Donkey Finance, we’re committed to finding the best deals on the UK market for every applicant. We scour the length and breadth of the country, working with leading lenders like Masthaven and dozens of independent auction finance specialists.
From competitive interest rates to minimal borrowing costs, you won’t find a better deal from any UK broker. Contact the team at Donkey Finance today to discuss any aspect of auction finance in more detail.
Homeowner loans are only available to those that have a mortgage. Sometimes this type of borrowing is referred to as a secured loan since the loan is secured on a property, which could be repossessed should repayments not be made. This decreases the loan provider’s risk, which could result in preferential interest rates, but presents a massive risk to the borrower who’ll have their house repossessed if payments have defaulted.
The amount of the loan approved depends on who your loan provider is, however, a homeowner loan tends to be up to £250k or above. Lenders always feel more confident giving loans to those who are prepared to secure the credit.
Due to the huge amount of credit associated with a homeowner loan, repayments can be spread across thirty years. This term could mean that debtors could take advantage of low-interest rates, however, remember that overall more interest will be paid.
You will have the opportunity to repay a homeowner loan before its due date; however doing so may incur an early settlement charge, which is added to the balance at the time that a settlement figure is requested.
These loans are bank loans to fund courses that help with your job or help get you a job. You may be able to borrow between £600 and £10,000. Loans are usually offered at reduced rates of interest and the government pays the interest while you are studying.
Professional and Career Development Loans cannot be used for a first full-time degree however you can apply for a student loan if this applies to you.
Professional and Career Development Loans are bank loans that have to be paid back. You begin paying back a professional and career development loan 1 month after you have finished your course. The government pays interest while you study and for 1 month after you leave your course. Then you begin paying back the loan.
While many of the financial products and services provided by Masthaven Bank can be applied for online, others require in-person meetings or telephone consultations. In any case, we can help you pinpoint and apply for the perfect product for your needs.Give a member of our customer support team a call today, or send us an email with an outline of your loan requirements
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