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Secure & Private

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  • Borrow £10,000 to £500,000
  • Repayment terms from 5 to 30 years
  • UK retail bank with expertise in bridging and secured lending
  • FCA & PRA regulated
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Who are Masthaven Bank?

Masthaven Bank Limited is a UK lender. It started in 2004. The bank got its UK banking licence in 2016. Many people call it one of the first new banks of its time. Masthaven Bank was set up to help people who did not get what they need from other lenders in UK.

Masthaven is based in London. The company offers a wide range of products in lending, like secured loans and bridging finance. They also offer development finance. Masthaven has made some changes to its plans recently. Even so, it is still known for using both traditional lending ways and new technology. The bank helps homeowners, landlords, and businesses in England, Scotland, and Wales by giving them the support they need through their wide range of products.

What types of loans does Masthaven Bank offer?

Secured homeowner loans (second charge)

  • You can borrow from £10,000 to £500,000.
  • Repayment terms can be 5 to 30 years.
  • A second charge loan is secured by the value in your property. It does not change or replace your first charge mortgage.
  • Many people use this type of loan for debt consolidation, to make large purchases, or for home improvements.

Bridging loans

  • The bridge loan is made for short-term borrowing. You can use it when you be buying your first home before you sell your old one. It can also help with money you need for a refurbishment.
  • You will get the money with monthly rates. These are usually between 0.5% and 1.5% each month.

Development finance

  • There is structured lending for property developers.
  • The money is released in stages as the work goes on.
  • We base it on the value of your property at each step of development.

Personal loans

  • The borrowing options with no security are there for small needs.
  • You can get up to £25,000 with this kind of borrowing.
  • This is good if you have unexpected costs, like fixing your car, going away on holiday, or paying for medical care.
What types of loans does Masthaven Bank offer

Eligibility Criteria

Applicants must generally:

  • You must be 21 years old or more.
  • You have to live in the UK (in England, Scotland, or Wales).
  • You need to be a homeowner with equity in a detached freehold house, flat, or another kind of property.
  • You should have a steady income. This should be shown with payslips or bank statements.
  • You will take a credit assessment. This will look at people with good and poor credit history.
  • You need to give details of all your borrowing, like mortgages and borrowing from other loan lenders.

Key Features of Masthaven Bank Loans

  • You can borrow a total amount that starts at £10,000 and goes up to £500,000.
  • The loan term is from 5 years to 30 years.
  • Pick if you want a fixed rate or a changing interest rate for your loan.
  • You can use this for debt consolidation, making changes to your home, using it for business, or as a remortgage option.
  • All fees are clear, including what you pay for setting things up and getting your place valued.
  • The lending is done by looking at your details personally, and they make lending decisions for every case on its own.

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What are the typical interest rates for Masthaven Bank loans?

Loan Type Typical APRC Range Notes
Secured second charge homeowner loans 6% – 10% APRC Larger borrowing amounts. Loans linked to property equity.
Bridging loans 0.5% – 1.5% per month (equivalent to higher APRC) Higher cost due to short-term flexibility. Often used as an alternative to a quick remortgage.
Development finance Agreed case by case Structured to the basis of project value and stage funding.
Personal loans 7% – 15% APRC Higher costs as these loans are unsecured, especially for bad credit UK applicants.

Masthaven’s interest rates changed based on a few things. These include ltv (loan-to-value), what the borrower is like, and if the loan be a first charge or a second charge loan.

Can I use equity release with a Masthaven Bank loan

Can I use equity release with a Masthaven Bank loan?

Yes. A Masthaven second charge loan can work much like equity release. It lets homeowners get cash from the value of your property, and you do not have to change the main mortgage. This can be a flexible way to get money. People often use the funds for things like fixing up the home, investing in a business, or bringing different debts together.

Unlike the usual lifetime mortgages that some building societies offer, Masthaven’s loans had set times for repayments. This meant borrowers got to keep control over how they wanted to pay back their loans.

How does Masthaven Bank's customer service compare to other lenders?

Customer feedback often showed that Masthaven’s way was personal.

  • Many people said the team was helpful. They explained financial words in a way that was easy to get. They also kept customers up to date at every step.
  • Borrowers liked that the choices were not just made by a computer. They liked that the team thought about each person's real financial needs and their own life.
  • When you compare Masthaven with big building societies and major banks, it stood out for giving answers much faster in bridging and development cases.
  • A few people said the early repayment charges and fees seemed a bit higher than what others asked for. But they liked that the offer was clear, and they got a confirmation of all costs from the start.

Masthaven’s service is seen as more flexible and personal than most big banks. Their prices are a little higher, but many people feel the service is worth it.

How does the application process work?

  1. Loan enquiry – Tell them about the loan amount you want, why you need it, and how long you plan to take to pay it back.
  2. Credit assessment – Masthaven looks at your credit history. This is true if you have bad credit or poor credit as well.
  3. Valuation – They check the value of your property. This might be a flat or a detached freehold house.
  4. Formal approval – A loan deal sets out the APRC, fees, and how you have to pay it back. You get this after approval.
  5. Funds released – The money gets sent straight to your account by bank transfer. With some bridging loans, you can get it in a few days.

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Repayment Options

  • You pay monthly amounts that cover the main loan and the interest. You do this through the whole loan term.
  • You can choose a fixed rate loan or one where the payment changes each month. A changing payment uses MER or another type like it.
  • If you want, you can pay extra or pay off the loan early. There may be a charge for finishing early.
  • You get clear plans that show how payments cover your loan for the entire term.

How do Masthaven Bank loans compare to other lenders?

Compared with United Trust Bank and other loan lenders working in the same sector, you can see the differences in what they each offer. Both United Trust Bank and other loan lenders may have their own ways to help people get money. But there are some key points where United Trust Bank is not the same as other loan lenders in the field. If you look at all the details, you will know what might work well for your needs. This helps people, like you, pick what is best for them.

  • Masthaven was strong when it came to bridging and development finance, while some other lenders mostly gave out traditional secured loans.
  • The maximum loan you could get from Masthaven was £500,000. This was less than what a few other lenders gave, which could be up to £1,000,000.
  • Masthaven worked with both prime and bad credit UK borrowers. They had flexible rules when deciding who could get a loan.
  • What set Masthaven apart was its quick way of giving money to help with property needs in London and other UK areas.

Benefits of Masthaven Bank loans

  • The company is FCA and PRA regulated in the UK, and it has a UK banking licence.
  • They know a lot about bridging finance, development finance, and second charge lending.
  • They offer choices for borrowers who have poor credit or bad credit history.
  • Their products are flexible and made for the different financial needs that people have.
  • They have helped customers from England, Scotland, and Wales.
Benefits of Masthaven Bank loans

Risks and Cons to Consider

  • Loans had to be backed with your own property, so if you did not pay, your home could be at risk.
  • Bridging and development finance options had bigger costs.
  • Some people had to pay early repayment charges.
  • The maximum loan that they offer is not as big as what you get from some others, like United Trust Bank.

FAQs about Masthaven Bank Loans

Masthaven has slowed down the things it does in the last few years. But it is still an important name when people talk about specialist lending in the UK.

Yes. Masthaven often looked at bad credit UK and poor credit cases if the person had enough equity. They also checked if the applicant could keep up with the repayments.

Applicants usually need to show their ID. They also have to give proof of where they live, how much they earn, and recent bank statements.

The maximum loan you could get was often about £500,000. This would depend on the LTV and the value of your property.

Borrowers can choose fixed rate loans. They can also pick products that are tied to benchmarks like MER (monthly equivalent rate).

Important Notice: You need to think well before you put other loans on your home. If you do not pay back your mortgage or any other loan that uses your house, you might lose it. Your home can be taken if you are not on time with repayments.

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Page last updated on: 29/08/2025

Page reviewed by: Andrea Troy

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