Brilliant Solutions. Lender Guide INTERMEDIARIES ONLY or Direct Mortgage Club Specialist Packager

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1 Brilliant Solutions Direct Mortgage Club Specialist Packager Lender Guide INTERMEDIARIES ONLY or

2 Masthaven Bank Overview Mission and Overview Masthaven s mission is to build a bank that challenges the conventions of traditional banking. Their aim is to take a broader view of lending criteria, giving you direct access to expert underwriters, flexible solutions, quickly and conveniently. Masthaven can offer you access to a full range of short term and long term products including First Charge Residential and Buy to let mortgages. Masthaven use technology to enhance their processes but everything is underpinned by a flexible, human approach because they believe people make much better decisions than a computer can. Main Competitors Precise Mortgages Bluestone Magellan Vida UTB Together Shawbrook Geography Mortgages for properties in: England Wales Scotland

3 Masthaven Products Offering Why Masthaven? Competitive rates Great Service and access to underwriters Base decisions on individual circumstances rather than credit score Product Offerings High Street declines: for your customers who have No Credit Impairments Flexibility for clients with adverse credit BTL 2 nd Mortgage up to 70% LTV Products Overview Range of first and second charge mortgages for customers with a prime credit history through to credit impairment Second charge BTL products for Landlords who wish to raise additional funds Products Coverage Residential lending offering a flexible credit proposition to include self-employed income, contractors and complex income Flexible criteria with no credit score Loans for any legal purpose Market leading rates No ERC s on fixed rate products

4 Key Criteria Employed Applicants Self Employed Applicants Contractors Lending in Retirement 3 months in role. Clients in probation accepted 18 months trading Projections used when 2 years accounts provided and 9 months in to current year 3 months in role Experienced contractors only need to have 1 month remaining on contract Lending available up to age 85 details of pension required Adverse Up to 2 Defaults/CCJ s in the last 2 years 2 Missed Mortgage Payments in the last 2 years (None in 3 months) IVA/BKO satisfied /annulled over 3 years ignored Unsecured arrears ignored unless status 3 Affordability Calculator on website BTL Interest Cover Calculator on Website Fast - Effective - Unique Now that s Brilliant!

5 Access and Essentials Registration To register visit: scroll down, click on "Register here and follow the online instructions When registering don t forget to select Brilliant as your payment route to access all your Brilliant benefits and get your payment on day of completion Essentials Case Submission Credit Agency Credit Score Application Assessment Wet signature Online Equifax No minimum credit score Manual assessment every time Wet signatures required on application form Turnaround time Referral to decision: same day Application to offer: 15 to 20 days DIPs DIP process through online system DIP validity period: 7 days (second charge) 1 month (first charge) Fast - Effective - Unique Now that s Brilliant!

6 Brilliant Service Benefits Decline Cases Support Service Using the Brilliant Mortgage Club or Packager Services gives you access to our decline support service where we work alongside you and the lender to identify what went wrong and what can be done about it with the lender and with our whole of market panel. Fast - Effective - Unique Now that s Brilliant! Service Access to experienced mortgage professionals with relationships at the highest level with a wide range of lenders, including Masthaven. This offers you a better service experience from the start, regardless of which channel you choose, Direct or Packaged - completely FEES FREE. Payment on Completion Regardless of what channel you choose to submit through, Packaged or Direct to Lender via the Brilliant Mortgage Club, Brilliant will pay you on the same day as completion, that s before we get the money and thanks to Faster Payments, it ll be in your account quickly. Thinking Masthaven? Think Brilliant!

7 Thinking Think Brilliant! Call: Visit: Intermediaries only, not for members of the general public