Brokers can provide a better service for their clients’ evolving needs, thanks to Masthaven's extended suite of short-term lending solutions.
That's the verdict from James Bloom, managing director of the development finance company. The firm launched the new solutions as a reflection of increased demand from brokers for simple flexible short-term lending with a quick turnaround.
The new solutions incorporate a "light development" product, and enhancements to the bank’s bridging proposition through the introduction of "standard and prime bridging products, alongside development finance and commercial bridging loans".
Masthaven says it is a simplified needs-based proposition, designed to give brokers easier access to the most appropriate lending products for their clients. Brokers already working with Masthaven can be reassured that the same team of experts is working on their business, says Mr Bloom.
He added: “Our new short-term lending solutions will help brokers provide better service for their clients’ evolving needs. We already offer competitive development finance products, and our new light development and enhanced bridging products extend our capability to help smaller scale projects, offering access to development finance to more borrowers.
"We are passionate supporters of small housing developers and this is our response to help meet their customer’s evolving needs.”