Masthaven Bank has launched a new fee-free remortgage range on its first charge residential two-year and five-year fixed remortgage products.

The specialist bank indicated it was releasing the products in response to continued demand for remortgages, particularly for fee-free ranges, during the coronavirus pandemic.

Masthaven suggested the new products have been designed to empower brokers to offer their customers greater flexibility around their remortgage options.

“Many homeowners are approaching the end of their current mortgage scheme and are beginning to explore their options,” Masthaven director of intermediaries, Rob Barnard, commented. “Brokers are working to support that process, and Masthaven is supporting homeowners and intermediaries with this new range of fees-free products.

“At Masthaven, we are working to respond positively to changes in the market and these new products follow the launch of our new bridging valuation options earlier this month. We are doing all we can to support our broker partners as we trade together through this challenging time.”
 
Masthaven also confirmed it would be accepting automated valuation models (AVMs), rather than physical property inspections, on its new products where possible.

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