The changes apply across its first and second charge residential and buy-to-let ranges.
Masthaven Finance has announced a series of changes to its mortgage and secured loan proposition, including reducing rates, higher loan-to-value (LTV) limits and expanded support for self-employed applicants.
The changes apply across its first and second charge residential and buy-to-let ranges.
Rates have been reduced across all products, with Masthaven lowering its headline rate by 0.35%.
The lender has also increased maximum LTV limits on selected products and raised the LTV available on its lowest-priced products from 65% to 70%.
Alongside the pricing and LTV changes, Masthaven has updated its affordability criteria for self-employed borrowers by taking retained profits into consideration when assessing applications.
The changes follow the recent rollout of the lender’s new platform.
Shelley Stern (pictured), director of mortgages at Masthaven Finance, said: “Following our recent platform rollout, we are delighted to bring these product developments to the market.
“With reduced rates and increased LTVs, we are well placed to support the market, supported by a strong service proposition. Further enhancements to our affordability assessment will enable us to continue to support self-employed applicants.”