Masthaven have today announced a re-entry into BTL purchase and remortgage as well as Residential purchase. In addition, existing second charge and remortgage AVM LTVs have also increased.
The announcement from Masthaven:
With surveyors currently unable to value properties because of the coronavirus lockdown and social distancing, we’re expanding our AVM approach to help more of your customers through the mortgage process during these challenging times.
This week, for the first time, we’re introducing AVMs for:
- First charge residential purchase
- BTL remortgage
- BTL purchase
We’re also increasing our maximum AVM loan levels for:
- Residential remortgage
- Second charge residential
You’ll find all the details, including exceptions and additional criteria, in our new covid-19 AVM policy.