It has been a lengthy road that Masthaven has gone down, as it initially approached the regulatory body back in 2009. Twelve months on, the lender is ready to open the doors to first charge, owner occupied business.
It opens up a whole new world for the lender and its introducers as it believes it is now one of very few mainstream bridging finance providers who can truly say it is a one stop shop for all bridging finance requirements.
Andrew Bloom, managing director of the firm, said “Due to the changing regulatory environment, this was an important strategic move for Masthaven. In recent years obtaining FSA regulation has become much more difficult and the success of Masthaven in achieving this is a credit to the company and its employees.”