Masthaven Secured Loans, the sister company of Masthaven Bridging Finance and based in Central London, is headed by Stuart Aitken who was a director at lenders SPML and SPPL.
Highlights include products aimed at buy-to-let borrowers with a valuable interest-only option and facilities available for business purposes, purchase of holiday homes, debt consolidation and transfer of equity.
Marie Grundy, operations director at V Loans, said: “ We are delighted to have been chosen as one of the select packagers with whom Masthaven has launched its second charge lending proposition to the intermediary market. Having a new lender headed by someone with Stuart’s knowledge and understanding of the market comes at a time when secured loans are becoming an important product for intermediaries, whose clients are looking to capital raise but cannot remortgage.”
Stuart Aitken, chief operating officer at Masthaven Secured Loans,added: “The partnership with V Loans has developed over the past months as we have tested our systems and initial products with them and a few other chosen partners. As a new lender in the secured loans sector we are delighted to be working with V Loans and offering some exciting new alternatives to the intermediary market.”
