Masthaven Secured Loans

Top deals

Top rate

AA

5.3%
£7,500 - £15k
1-7 years

Check eligibility Representative Example: The representative APR is 5.3% so if you borrow £10,000 over 5 years at a rate of 5.3% (fixed) you will repay £189.52 per month & total amount payable £11,371.03.

Post Office

5.9%
£7,500 - £15k
1-7 years

Check eligibility Representative Example: The representative APR is 5.9% so if you borrow £10,000 over 5 years at a rate of 5.9% (fixed) you will repay £192.15 per month & total amount payable £11,529.01.

Santander

6.3%
£7,500 - £15k
1-5 years

Check eligibility Representative Example: The representative APR is 6.3% so if you borrow £10,000 over 5 years at a rate of 6.3% (fixed) you will repay £193.91 per month & total amount payable £11,634.61.

Shawbrook

6.6%
£10k - £500k
3-25 years

Check eligibility Representative Example: The representative APR is 6.6% so if you borrow £10,000 over 5 years at a rate of 6.6% (fixed) you will repay £195.23 per month & total amount payable £11,713.96.

Can I get access to Masthaven secured loans?

Masthaven secured loans historically were provided by Masthaven, a digital bank that provides mortgages, bridging finance, development finance, and secured loans to customers in England, Wales, and Scotland (not Northern Ireland). It has no physical branches, and its customer service presence is entirely online, over the phone, and by post.

Masthaven secured loans are currently not available on residential, owner-occupied, and investment properties for various purposes, including property improvements, car finance, and debt consolidation. However, the good news is that other lenders, including new lenders that have entered the UK second charge market, will be able to consider your loan requirement.

Secured loans Service

Keep your existing mortgage
Borrow up to 6x income
Access to specialist broker only lenders not featured on comparison sites
Smart technology
Perfect for clearing other loans e.g. credit cards & existing car loans
High loan-to-value (LTV) with some lenders
Homeowners could borrow from £10k – £1m
Soft footprint credit search that won’t affect your credit rating
Access to lenders that accept virtually all types of credit profile

A secured loan is a form of borrowing where the debt is “secured” against an asset – normally a piece of property. This can allow you to borrow more, for longer and at a better rate of interest than unsecured borrowing.

Secured loans can often be accessed quickly, with some lenders able to release funds into your account within a matter of days. If speed is a priority, it is usually a good idea to act through a broker as they will have knowledge and contacts to help you quickly find the money you need at the best available rate.

It is important to understand that by securing a loan against property or any other asset you are potentially putting that asset at risk if you fail to repay your loan.

How much will a secured loan with Masthaven cost?

There are various costs associated with taking out a secured loan. There are likely to be various fees to pay, including an arrangement fee and solicitors’ fees. However, the biggest cost is likely to be your monthly interest payments.

The interest rates on secured loans vary considerably but will tend to depend on factors including:

How much you borrow
The length of time you want to repay over
Your loan to value ratio (LTV)
Your credit rating
The current Bank of England Base Rate (or equivalent)

To get the best possible interest rate, it is highly recommended to spend some time researching various providers and shopping around, or simply using a loan broker to do this for you.

How to get a secured loan with Masthaven

Currently you cannot as they are closed for this type of business.

Like many UK secured loan lenders, Masthaven historically only worked with authorised intermediaries meaning their loan are not available direct to borrowers.

To find out if are likely to be eligible for a secured loan or to make an application, you will need to work through a professional loan broker.

Compare Masthaven secured loans

To get the best deal on your secured borrowing, it is highly recommended to compare and contrast different loan deals from all the leading lenders.

Our secured loan comparison tool at the top of the page allows you to do just that. By gathering together in one place leading deals from all the top secured loan providers, we have made it easy and quick to find the right deal for you. Head to the top of the page and take a look.