Jon Hall

Masthaven temporarily increases minimum bridging loan size

Masthaven has announced it is temporarily increasing the minimum loan size across its bridging products from £200,000 to £300,000.

Jon Hall, chief commercial officer and deputy CEO at Masthaven (pictured above), said the decision was made to help the bank protect its service levels and ensure it will still able to deliver for its brokers and customers.

“Covid-19 has been a challenging time for everyone. 

“At Masthaven, our focus has been on staying open for business and ensuring our teams are as accessible as possible.

“Our priority is still to give brokers and customers a service they can rely on and, in support of that, we have recently hired a new underwriter and are actively recruiting for other roles to support our service provision.”

Jon added that “the market is changing quickly” and that Masthaven would be reviewing its proposition as it continues to respond to market conditions

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