Specialist lender Masthaven has announced the launch of a first charge residential three-year fixed rate mortgage and other product enhancements to its long-term lending product range.
The updates for first charge products includes an enhanced buy-to-let (BTL) product range with rate reductions across the board, a competitive BTL five-year fixed product starting at 3.34% up to 70% loan-to-value (LTV) and new residential three-year fixed rate, starting at 3.14% up to 70% LTV.
Updates for second charge products, meanwhile, include reduced residential rates with a two-year fixed deal available from 4.24% up to 65% LTV and a BTL range available with up to 75% LTV.
These upgrades come after the growth of Masthaven’s long-term lending division over the past year, including partnerships with TMA Club, Intrinsic Financial Services, SimplyBiz and Brilliant Solutions, as well as a new BTL mortgage range being operated with key distributors.
Matt Andrews, managing director of mortgages at Masthaven said the firm always ensures its customers benefit 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,” he added.
“We wanted to offer our customers a shorter alternative to the already popular five-year deals.”