Masthaven Bank

Masthaven Bank
Reader Rating38 Votes

Last updated: April, 2021

About Masthaven Bank

Masthaven Bank was founded in 2004. At that time, the company only offered secured lending and bridging loans. After receiving a banking licence in 2016, Masthaven expanded into retail banking and now offers savings accounts, bridging loans, mortgages and development finance.

Masthaven Bank Products and Services

Masthaven is committed to providing solutions tailored to individual clients and treat their lending decisions as such.

Bridging loans of up to 75% of the total price (dependent on the client’s credit circumstances) can be taken out to cover projects such as refurbishment or property extension. Masthaven also offers a commercial bridging loan that can help customers buy a commercial property until they can arrange something more long term.

Development finance loans can help developers and homeowners who have struggled to secure traditional lending products access a flexible solution that serves their needs. These loans can be used to cover property conversion, start-to-finish property developments and extensions.

Masthaven also offers bespoke mortgage lending, working with intermediaries to tailor solutions to individual customers. First and second charge, residential and buy-to-let mortgages are all available. Mortgages are ideal for those who have failed to secure lending from high street banks, including the self-employed, people with little work history or people with poor credit – Masthaven do not conduct credit scores.

    Why are you visiting today?

    Customers opening a savings account can choose from one, two, three- and five-year terms, or set their own if they’d prefer. Accounts can be opened with a minimum deposit of just £500, and customers can save up to £250,000 over the term of the account.

    Business savings customers can save from £5,000 to £500,000. The term of the savings account is determined by the customer.

    Masthaven Bank Security

    Eligible deposits made with Masthaven are protected up to the value of £85,000 by the Financial Services Compensation Scheme. The bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority.

    Masthaven Bank Contact Details

    11 Soho Street
    W1D 3AD

    Telephone: 020 7036 2000

    Email: [email protected]

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