Masthaven secured loans: at a glance
Masthaven Finance offers secured loans in the form of second charge mortgages. Fixed rate and variable rate loans are both available, and can be repaid over a term of between two and 30 years. The most you can borrow is 80% of the equity in your home, up to a maximum of £300,000 overall.
Secured loans require you to use the equity in your home as security for the loan. This means the lender could repossess your home if you fail to make loan repayments when you should.
» MORE: What is a secured loan?
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.
Information for tenants
You must be a homeowner to apply for a Secured Loan via Norton
If you’re not a homeowner and would still like to search for a personal loan, then you can try searching for an unsecured loan via our loans eligibility service with Monevo.
Masthaven Secured Loan
2 to 30 years
£10,000 to £300,000
80%
Fixed and Variable
- Must be based in England, Wales and mainland Scotland only
- 3 months employment history required
- Minimum gross annual household income of £18,000 – £15,000 must be earned from employment and/or private pensions
- Minimum property value of £100,000
NerdWallet's Review Summary
Masthaven may be worth considering if you want a shorter repayment period.Masthaven secured loan key features
- A minimum loan term of two years allows you to pay your loan off quickly.
- Loans are available up to 80% LTV and a maximum of £300,000.
- Your property must be worth at least £100,000.
| Loan amounts | £10,000 – £300,000 |
| Maximum loan-to-value | 80% |
| Term length | 2 – 30 years |
| Rate options | Fixed, Variable |
| Minimum property value | £100,000 |
| Loan calculator on website | No |
| Customer support | Email, Phone |
NerdWallet's Pros & Cons
Pros:
- There is a wide range of loan terms to choose from.
Cons:
- The maximum LTV of 80% is lower than what some lenders we’ve reviewed offer.
- Your property must be worth at least £100,000, whereas some lenders don’t have a minimum value.
- The maximum loan size of £300,000 is lower than some lenders we’ve reviewed.
This provider is available via our partner, Norton Finance.
Masthaven secured loans pros & cons
| Pros | Cons |
| There is a wide range of loan terms to choose from. | The maximum loan-to-value (LTV) of 80% is lower than offered by some lenders we’ve reviewed. |
| The maximum loan size of £300,000 is smaller than some lenders offer. | |
| Your property must be worth at least £100,000, whereas some lenders don’t have a minimum value. |
Masthaven secured loans overview
Masthaven Finance was founded in 2005 and specialises in property finance lending. It merged with specialist lender Spring Finance in February 2025.
Masthaven second charge mortgages are only available if you apply through one of its panel of approved intermediaries. The advantage of using an intermediary or broker is that they are well-placed to match you with products suited to your circumstances.
| Loan amounts | £10,000 to £300,000 |
| Term length | Two to 30 years |
| Maximum loan-to-value (LTV) | 80% LTV |
| Customer support | Phone, email |
Where Masthaven secured loans stand out
You can choose from a wide range of loan terms
Masthaven provides the option to pay back your loan over a term of between two and 30 years. Some lenders we’ve reviewed offer a minimum term of six years, and a maximum term of 25 years.
Paying back your loan over a longer period gives you the chance to lower your monthly repayments. However, a longer repayment term means you’re likely to pay more in interest overall.
Where Masthaven secured loans fall short
Lower maximum loan size
Masthaven might not be an option if you’re looking for a larger loan. The maximum loan size is £300,000, whereas some other lenders we’ve reviewed allow loans of up to £1 million.
Higher minimum property value requirement
Your property must be worth at least £100,000 to be eligible for a Masthaven loan. Some lenders we’ve reviewed will consider your application regardless of your property value.
» MORE: Compare secured loans
What type of loans does Masthaven offer?
Secured loans
Masthaven offers secured loans under the name of second charge mortgages. These are loans taken out using the equity in your main residential home as security for the loan.
This means your property is at direct risk of being repossessed if you don’t keep up with repayments on a secured loan. However, by putting forward collateral for the loan, it may be possible to borrow larger amounts, and potentially at lower interest rates, than you could through a personal loan, which is unsecured.
» MORE: Should you take out a loan against your house?
Bridging loans
Masthaven also offers bridging loans. These are a type of short-term loan designed to help borrowers ‘bridge’ a gap before securing longer-term financing. You might take out a bridging loan if you want to buy a particular house but haven’t got the funds available (for example, if you haven’t sold your existing home yet).
What can I use a Masthaven secured loan for?
Masthaven secured loans can typically be used for any legal purpose. This may include:
- consolidating debt
- paying for a holiday or wedding
- paying for school fees
- buying a car
- covering the cost of home improvements
- covering the cost of making improvements to a rental property
» MORE: Secured vs unsecured debt consolidation
More secured loan reviews
Take a detailed look at some of the other secured loan lenders we review.
Why do people take out secured loans?
A secured loan may be useful if you need to fund a larger purchase. This is because the maximum loan size available is often higher than available through an unsecured personal loan.
Some borrowers may also find it easier to get accepted for a secured loan, perhaps because being self-employed, or having bad credit, is making it difficult to qualify for a personal loan.
» MORE: What’s the difference between secured and unsecured loans?
Masthaven secured loan eligibility criteria
To be eligible for a Masthaven secured loan you’ll need to be a homeowner in England, Wales or mainland Scotland. The property must be worth at least £100,000.
Some of the other main eligibility criteria include a minimum household income of £18,000, with at least £15,000 coming from employment or pensions.
Masthaven secured loan features
Rates
Masthaven offers both variable and fixed-rate secured loans. A fixed-rate means the interest you pay is fixed for a specified period, typically two, three or five years. This can give you certainty over your monthly repayments.
With a variable rate, the interest rate you pay could rise or fall at any time. Variable rates are usually based on a benchmark rate that has the potential to change.
» MORE: How are fixed and variable mortgages different?
Loan-to-value ratios
Masthaven secured loans are available up to 80% LTV. This is lower than some other lenders we’ve reviewed, but be aware that higher LTVs come with increased risk. When considering a higher LTV, it’s important to think about the impact it could have if your financial circumstances change, or property values drop.
Making overpayments and paying off a loan early
Masthaven says it’s possible to overpay or repay your loan in full at any time, but early repayment charges may be payable. These may differ depending on whether you have a fixed or variable rate loan. Always check with your lender if charges apply before making overpayments or paying off a loan early.
Customer support
Masthaven can be contacted over the phone and by email. You can also use a form to request a callback. There are separate contact details for customer services and general enquiries.
How can I apply to Masthaven Finance?
The only way to apply for a Masthaven secured loan is through a broker or mortgage professional who is on its list of approved partners.
What information do I need?
When applying for any secured loan, be prepared to share:
- proof of your address and identity (a utility bill or bank statement and/or your driving licence or passport will usually suffice)
- recent payslips or a P60 if you’re employed
- self-assessment forms or SA302s if you’re self-employed
- proof of any other income you receive from pensions or benefits
- your latest annual mortgage statement
- information relating to any outstanding debts
- recent bank statements showing your income and expenditure
Masthaven Finance FAQs
Masthaven Finance is regulated and authorised by the Financial Conduct Authority, the financial services regulator in the UK.
Help if you’re struggling with debt
Late repayments can cause you serious money problems. Consolidating multiple debts into one loan can extend the term of your borrowing and increase your cost of borrowing.
If you are struggling with debt, you can seek advice from a debt advice service, such as:
- Citizens Advice
- MoneyHelper (formerly The Money Advice Service)
- National Debtline
- StepChange
- The Money Charity
Think carefully about securing debt on your home. Your home may be repossessed if you do not keep up repayments.
Late repayments can cause you serious money problems.
Consolidating multiple debts into one loan can extend the term of your borrowing and increase your cost of borrowing.
Review methodology
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Our reviews may display lenders’ rates. This additional information has not been included in our evaluations but is still very important when choosing a product. Rates offered can depend on circumstances, amount and term. Always check details before proceeding with any financial product.
Product details reflect the information that was available at that time but may have changed since. We strive to give you a review on as many products as possible, but there will be products not included on the market. The review is our opinion, but it does not constitute advice, recommendation or suitability for your financial circumstances.
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