Masthaven

Founded in 2004 as Masthaven Finance, the company gained its UK banking license in 2016 to become Masthaven Bank. It positioned itself as a specialist "challenger bank" focused on serving customers and intermediaries who were underserved by mainstream lenders. Its main products included fixed-term savings accounts, residential and buy-to-let mortgages, and bridging finance. In early 2022, the bank announced its decision to withdraw from the UK banking market following a strategic review, citing the challenge of generating the returns required by its shareholders in a competitive environment. The bank has since closed to new business and completed the wind-down of its operations.