Masthaven Bank completes its largest ever second charge loans; and more...

Written by Adam Cadle

- Masthaven Bank has completed two of its largest ever second charge loans in less than a month of one another.
The first, introduced by The Loan Partnership, totalled nearly £600,000 and went from Masthaven receiving the case to final offer in less than a week. The offer, including fees, was secured against an LTV of 65% and was successfully completed in just six days.
This agreement was then topped a few weeks later by a case introduced by Y3S Loans, whereby a client needed a fast turnaround on a refinance on their existing loan, plus additional borrowing, to secure a holiday home in France.
Secured against an LTV of 65%, the offer, including fees, totalled just over £700,000 and went from case to offer in just two and a half days.

- Legal & General Mortgage Club has announced an expansion of its offering in an exclusive Holiday Buy to Let deal with Leeds Building Society.

The product is available on a 5-year fixed rate at 2.74% at 70% loan-to-value (LTV), with a maximum loan amount of £500,000.

It benefits from an annual 10% penalty free capital over-repayment and is available for both purchase and remortgaging applications. Further incentives included a no fee valuation.

- TMA Club, a member of the LSL Property Services plc group of companies, has announced it has added Uinsure to its general insurance (GI) panel.
Uinsure, a multi-award-winning GI provider - and one of the fastest growing FinTech firms in the UK - will offer TMA’s members access to a full suite of 5 Star Defaqto rated GI products.

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