Masthaven

What Masthaven does

Masthaven Finance is a UK specialist property finance lender founded in 2005 by Andrew Bloom, operating from London with an operations office in Borehamwood. Following a two-year application process, the company received a full UK banking license in April 2016 (FCA FRN 300606), positioning it as a UK challenger bank. In February 2025, Spring Finance merged into Masthaven, combining Spring's first-charge residential and buy-to-let mortgage proposition with Masthaven's bridging, development, and second-charge lending under a single brand.

The company's core products are mortgages and secured loans (rates 8%–13.55%), bridging finance (regulated and unregulated, residential, commercial, semi-commercial and buy-to-let, at 0.79%–1.14% per month), and development finance (0.89%–1.14% per month, covering light and professional development, regulated self-build, and development exits). Underlying technology consists of two externally powered platforms: Flow (iZone Software) for intermediary servicing and Originate (Optalitix) for mortgage origination, supplemented by automated decisioning, credit-bureau integrations (TransUnion, Equifax, Experian), CIFAS fraud screening, and DocuSign e-signature.

Masthaven serves borrowers who do not meet the tickbox criteria of high street banks — those with complex incomes, adverse credit (including IVAs and debt management plans), non-standard properties, or time-sensitive transaction needs. Distribution is exclusively through a panel of FCA-authorised brokers and intermediaries, supported by a regional Business Development Manager team, the Flow broker portal, and educational content via Masthaven Masterclass webinars. Revenue is generated through transaction-based interest and fees on lending, with capital sourced through institutional funding lines (most recently a £100m line from Macquarie Group in October 2025).

Name

Masthaven

Legal name

Masthaven Finance Limited

Website

https://masthaven.co.uk

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Masthaven is a UK specialist property finance lender offering mortgages, bridging, and development finance through approved broker intermediaries, serving borrowers underserved by mainstream banks with complex credit or non-standard property cases.

Ownership category

akta.pro rank

Product category

Specialist Property Finance

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

Direct Lending — Senior Secured (First Lien) (FSAHAJAA)

akta.pro secondary industry

Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)

Keywords

• Bridging finance
• Specialist mortgages
• Development finance
• Secured lending
• Buy-to-let finance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Bridging Finance: Masthaven offers bridging loans on residential, commercial, and buy-to-let properties, on first or second charge basis. Products include regulated bridging, unregulated bridging, and refurbishment bridging. Interest rates range from 0.79% to 1.14% per month depending on product type and LTV.
2. Development Finance: Development finance for residential and buy-to-let property on first charge basis (second charge for additional security considered). Covers single builds, multiple builds, part-built developments, conversions, large extensions, and developer exits. Rates from 0.89% per month for development exits to 1.14% per month for regulated self-build.
3. Mortgages & Secured Loans: Residential mortgages and buy-to-let products including first and second charge options. Serves customers with complex incomes, all credit profiles, debt management plans, IVAs, and non-standard properties. Products include Core, Prestige ranges with rates from 8% to 13.55%.
4. Funding Operations: Masthaven secured £100m initial funding line from Macquarie Group to support bridging, secured loans, and expansion of mortgage range. This represents the company's fifth institutional funding line.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Masthaven is a UK specialist property finance lender offering bridging finance (regulated and unregulated, first and second charge), development finance (light, professional/SME, self-build, and developer exit), and specialist mortgages (residential and buy-to-let) through a Core and Prestige range. The company focuses on borrowers underserved by mainstream high street banks, including those with complex credit histories, non-standard incomes, debt management plans, IVAs, and unique property situations, with all business intermediated through FCA-authorised brokers.

Product overview

Masthaven Finance is a UK specialist property finance lender offering a unified suite of lending products: Mortgages & Secured Loans (residential and buy-to-let), Bridging Finance (regulated and unregulated short-term secured loans), and Development Finance. The company serves customers who may not meet mainstream bank criteria, operating exclusively through FCA-authorized brokers and intermediaries. The product ecosystem includes two digital platforms: Flow (intermediary servicing portal for bridging/development) and Originate (mortgage origination system). Following the February 2025 merger with Spring Finance, the combined entity expanded to offer first charge residential and buy-to-let mortgages alongside existing second charge and specialist lending products.

Differentiator

Problem solved

Functional benefit

Products and services

• Mortgages & Secured Loans Residential mortgages (remortgage, unencumbered, first charge) and buy-to-let mortgages on first or second charge basis, plus second charge secured loans. Serves customers with complex incomes, all credit profiles including debt management plans and IVAs, and non-standard properties, delivered through Core and Prestige product ranges.
• Bridging Finance Short-term secured loans available on residential, commercial, and buy-to-let property on a first or second charge basis, including regulated and unregulated bridging, and heavy renovation/refurbishment bridging. Designed for speed of transaction, multiple securities, complex credit situations, and refurbishment projects, with rates from 0.79% to 1.04% per month.
• Development Finance Residential development funding on a first charge basis (with additional security considered for second charge), covering single builds, multiple builds, part-built developments, conversions, large extensions, and developer exits. Includes light development, professional/SME development with up to 100% of build costs covered, regulated self-build, and developer exit products priced at 0.89% to 1.14% per month.

Quantifiable outcome

• Same-day loan completion possible for suitable cases (verified in case studies)
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability3 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Spring FinancecoreStrategic or Co-development Partner · 1 February 2025Spring Finance merged with Masthaven in February 2025, marking a significant step in growth and enhancing capabilities in financial services. Spring Finance, established in 2011 as a second charge mortgage lender, had expanded into bridging and development finance in 2022 and launched first charge residential and buy-to-let mortgage proposition in 2023. CEO Andrew Bloom completed the acquisition of Masthaven, with the merged entity operating as Masthaven Finance.
• National Association of Commercial Finance Brokers (NACFB)minorOthersMasthaven is a member of the NACFB, a trade association for commercial finance brokers in the UK.
• Bridging & Development Lenders Association (BDLA)minorOthersMasthaven joined the BDLA, representing bridging and development lenders in the UK market.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• MT Finance: UK specialist bridging and development finance lender operating through intermediaries. Direct head-to-head competitor in the specialist property finance broker channel.
• Foundation Home Loans: UK specialist mortgage lender distributing exclusively through intermediaries, with strong focus on complex credit and buy-to-let. Highly comparable intermediary-led specialist model.
• Hodge Bank: UK specialist challenger bank offering complex BTL, bridging, and development finance via intermediary networks. Comparable specialist lender profile.
• Together Money: Specialist UK lender focused on bridging, development, and complex-income mortgages for borrowers underserved by high-street banks. Direct overlap in customer persona and product range.
• Shawbrook Bank: UK challenger bank and specialist lender offering bridging, development finance, buy-to-let, and specialist residential mortgages through intermediary channels. Closest like-for-like competitor in specialist property finance.
• Pepper Money: UK specialist lender serving near-prime and complex-credit borrowers through broker channels. Comparable in targeting the underserved specialist mortgage segment.
• Paragon Bank: UK specialist lender with strong buy-to-let and bridging finance franchises, operating through intermediaries. Highly comparable product mix and target customer segments.

Broad incumbents

• Aldermore Bank: Established UK challenger bank with specialist mortgage, bridging, and development finance propositions distributed via brokers. Comparable channels and product overlap at a larger scale.
• OneSavings Bank (OSB): Larger UK challenger bank with Kent Reliance and Precise Mortgages brands, active across specialist BTL, bridging, and complex residential lending. Bigger balance sheet but overlapping product set.
• Investec (UK Specialist Bank): UK private bank with specialist residential, BTL, and bridging propositions for HNW and complex cases. Comparable high-touch specialist underwriting model, with broader wealth franchise.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MasthavenBank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Masthaven