What Spring Finance Limited does

Spring Finance Limited is a UK specialist property finance lender serving borrowers who do not meet the tickbox criteria of high street banks. Founded in 2011 as a second charge mortgage lender, the company expanded into bridging and development finance in 2022 and launched first charge residential and buy-to-let mortgages in 2023. In February 2025, Spring Finance merged with Masthaven Finance, a specialist property finance business founded in 2005 by Andrew Bloom that received a full UK banking license in April 2016 and operates as Masthaven Bank.

The combined entity offers a full suite of specialist property finance products — first and second charge residential and buy-to-let mortgages, short-term bridging loans, and development finance — alongside a digital retail savings platform provided through Masthaven Bank. Products are delivered in both FCA regulated and unregulated variants, enabling the company to serve borrowers across the credit spectrum. Distribution is primarily through an intermediary/broker network supported by a dedicated intermediary portal, with memberships in NACFB and BDLA reinforcing channel credibility, and direct customer touchpoints via the corporate website for payments and general inquiries.

Revenue is generated from transaction-based interest income and arrangement fees across the lending book, plus deposit-taking revenue from the retail savings platform. The group operates through multiple UK-incorporated legal entities including Masthaven Finance Ltd, Masthaven Finance Group Ltd, SF11 Ltd, SF13 Ltd, SF22 Ltd, SF24 Ltd, MF25 Ltd, and Masthaven Finance M1 Ltd, all registered at Academic House, 24-28 Oval Road, London NW1 7DJ. The company is privately held with no disclosed headcount or revenue figures.

Name

Spring Finance Limited

Legal name

Spring Finance Limited

Website

https://springfinance.co.uk

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Spring Finance Limited is a UK specialist property finance lender serving non-conforming borrowers with mortgages, bridging, and development finance. Following the February 2025 merger with Masthaven Bank, it also offers a digital retail savings platform.

Ownership category

akta.pro rank

Product category

Specialist Property Finance

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

akta.pro secondary industry

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Specialist property finance
• Mortgage lending
• Bridging finance
• Development finance
• Retail savings

Headquarters

HQ city

Borehamwood

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mortgage Lending: First and second charge residential and buy-to-let mortgages generating interest income and arrangement fees
2. Bridging Finance: Short-term bridging loans with first and second charge options, both FCA regulated and unregulated, generating interest income and arrangement fees
3. Development Finance: Property development financing generating interest income and arrangement fees
4. Retail Savings: Digital retail savings solution offered by Masthaven Bank, generating deposit-taking revenue

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Spring Finance Limited is a UK specialist property finance provider offering mortgages and secured loans, bridging finance, development finance, digital retail savings, and payment services. It serves borrowers who fall outside traditional high-street lending criteria, with a focus on non-conforming property finance, complex income, and specialist property use cases. Following the February 2025 merger with Masthaven Finance, the combined entity operates as a full UK bank (banking license granted April 2016) funding lending through retail deposits and its own balance sheet.

Product overview

Spring Finance Limited operates as a specialist property finance lender following its February 2025 merger with Masthaven. The unified entity offers a comprehensive suite of property finance products including Mortgages & Secured Loans (first and second charge residential and buy-to-let mortgages), Bridging Finance (short-term first and second charge loans), Development Finance, Digital Retail Savings (via Masthaven Bank), and Payment Services. Products include both FCA regulated and unregulated options, targeting customers who may not meet mainstream lending criteria. The combined company leverages Masthaven's full UK banking license granted in April 2016.

Differentiator

Problem solved

Functional benefit

Products and services

• Mortgages & Secured Loans Specialist mortgages and secured loans for UK borrowers who fall outside mainstream high-street lending criteria, including those with complex income or non-standard credit histories.
• Bridging Finance Short-term bridging loans for UK property professionals, investors, and individuals needing fast funding for property acquisitions, refurbishments, or chain-break transactions.
• Development Finance Finance for small-to-mid UK property developers and refurbishment projects, funding acquisition and build-out ahead of sale or long-term refinancing.
• Digital Retail Savings Digital retail savings accounts offered to UK consumers under the group's full UK banking license, providing deposit funding for the lending book.
• Payment Services Payment services capability supporting the group's property finance transactions, including the movement of loan proceeds and related property-related payments.

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• National Association of Commercial Finance Brokers (NACFB)minorOthersMasthaven holds corporate membership with NACFB, demonstrating adherence to industry standards and access to broker network.
• Bridging and Development Lenders Association (BDLA)minorOthersMasthaven holds membership with BDLA, demonstrating commitment to industry standards in bridging and development lending.

Scale indicators2 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Together Money: Together is a UK specialist lender offering bridging, development, buy-to-let, and residential mortgages to non-conforming and self-employed borrowers. Directly comparable in product, customer segment, and intermediary distribution.
• Precise Mortgages: Precise Mortgages is a UK specialist lender (subsidiary of OSB Group) focused on near-prime, buy-to-let, and self-employed residential mortgages. Comparable in targeting non-conforming borrowers with broker distribution.
• Shawbrook Bank: Shawbrook is a UK challenger bank specializing in specialist mortgages, bridging, development finance, and business lending to non-standard borrowers. The most direct product-line peer to the combined Spring/Masthaven entity.
• West One Loans: West One is a UK specialist lender offering second charge, bridging, and development finance through intermediary channels. Direct peer for specialist property finance product overlap and broker-led distribution.
• Foundation Home Loans: Foundation is a UK specialist mortgage lender focused on buy-to-let, bridging, and residential lending to non-conforming borrowers via intermediaries. Comparable in product, segment, and broker-dependent distribution.

Emerging players

• LendInvest: LendInvest is a UK specialist property finance platform offering bridging, development, and buy-to-let mortgages via a digital platform. Comparable in specialist property focus though operates a marketplace/platform model rather than a balance-sheet bank.

Broad incumbents

• Atom Bank: Atom is a UK digital challenger bank with a UK banking license offering residential mortgages and retail savings. Comparable as a UK-licensed challenger bank emphasizing digital distribution and specialist/residential lending.
• Aldermore Bank: Aldermore is a UK challenger bank offering specialist mortgages, commercial property, and asset finance to SMEs and individuals underserved by high-street banks. Directly comparable as a UK specialist challenger bank with a similar product mix in property finance and retail savings.
• OneSavings Bank (OSB): OSB is a UK specialist lender (Kent Reliance, Charter Savings Bank) focused on buy-to-let, specialist residential, and development finance funded by retail savings. Comparable challenger-bank model with similar product set and funding strategy.
• Paragon Bank: Paragon is a UK specialist bank focused on buy-to-let mortgages, bridging, development finance, and retail savings. Closely comparable to Spring/Masthaven given its parallel specialty in property lending and deposit-funded model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Springfinltd
• LinkedInlinkedin.com/company/spring-finance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Spring Finance Limited