The great thing about Spring Finance is that they are a heavy adverse lender suitable for people with significant credit problems.
APR rates are similar to those of other lenders, but likely have a much higher acceptance.
Spring Finance can suit homeowners who want a secured loan with a simple application and a lender used to more complicated credit histories. Options may sit roughly two percentage points above the current Bank of England Bank Rate in suitable cases, with high loan-to-value lending, no broker fees, a free valuation for many straightforward properties, and clear support throughout the application process.
Spring Finance secured homeowner loans
Spring Finance has been known in the secured-loan market for manual underwriting, specialist cases, and second-charge lending. For homeowners who want to keep an existing mortgage in place, a Spring-style loan can be a practical way to raise funds without changing the entire mortgage balance.
Borrowers comparing lenders often start with the reason for the money. If the main aim is tidying credit cards, store cards, catalogues, or other monthly commitments, debt consolidation loans for UK homeowners may help readers understand the wider debt-consolidation route.
Spring Finance has often been discussed alongside specialist names that look beyond a very plain credit profile. For a reader comparing similar second-charge lenders, Central Trust secured loan eligibility is a useful place to compare lending style.
Where the property has good equity and the application needs a lender used to careful case assessment, Equifinance loans secured against property gives another route to compare against Spring Finance.
Some readers also want a plain-language comparison with lenders that handle cases outside the high-street mould. The guide to homeowner finance from Clearly Loans helps with that wider view.
What helps a Spring Finance application feel straightforward
The strongest applications typically have clear income, a sensible reason for raising money, and property with sufficient equity to support the requested loan. A loan can be used for home improvements, debt consolidation, business purposes, or another clear financial need.
Some readers want to compare Spring with banks they already recognise. For a high-street comparison, Co-op Bank secured loan options gives a different reference point.
Another reader may prefer to look at a well-known bank name before deciding whether a specialist lender is more suitable. In that case, Halifax secured loan options can be a useful comparison.
If the existing mortgage is with a major bank, it can still be worth looking at a second-charge route. The page on HSBC secured loan rates gives readers another angle on homeowner borrowing.
Some homeowners also compare Lloyds Bank-style options with Spring Finance before they choose how to raise money. The guide to Lloyds Bank secured loan rates is useful where a reader wants a familiar bank benchmark.
Comparing specialist lenders
Spring Finance has usually sat in the specialist part of the market, where underwriting looks at the full case rather than a simple tick-box result. This can be attractive when the credit file has old problems, income comes from different sources, or the purpose of the loan needs a human review.
Spring is not the only lender that can sit in this specialist space. A reader looking at similar case-by-case underwriting may also compare Masthaven secured loan rates.
For borrowers who want to compare Spring with a bank-branded secured-loan route, Metro Bank second charge loans gives a different type of lender page.
Some people want a loan without bringing a guarantor into the application. The guide to no guarantor secured loans is a useful read alongside Spring Finance.
A borrower who wants a familiar broker-lender comparison may also look at Norton Finance secured loans with no broker fee.
Spring can also be compared with larger banking names, especially where the reader wants to understand whether a specialist lender is better suited to the circumstances. The page on NatWest secured loans gives a NatWest comparison.
Loan-to-value, fees, and monthly payments
Spring Finance is often considered when the loan-to-value ratio is higher than a plain bank may prefer, or when the customer wants a flexible second-charge route. The monthly payment needs to make sense, and the application should provide the lender with a clear reason for borrowing.
People comparing specialist lenders may want to look at Pepper, Precise, and Prestige before deciding what feels right. A useful first comparison is Pepper Money homeowner finance.
Where debt consolidation is the main reason for the loan, Precise Mortgages debt consolidation loans gives another specialist-lender reference point.
Some homeowners want a lender profile that feels closer to the traditional secured-loan market. The Prestige Finance secured finance guide page can help with that comparison.
Readers who want the wider Ravenwood no-fee approach can also read about secured borrowing for debt consolidation.
Where the credit file has missed payments, defaults, arrears, or other older issues, secured loans for bad credit gives more context before making an enquiry.
When a second charge can be useful
A second-charge loan can be useful where the existing mortgage rate is worth keeping, the first mortgage has a fixed-rate tie-in, or the borrower wants to raise money without disturbing the main mortgage. It can also help when a longer term is needed to keep monthly payments steady.
Some borrowers compare Spring with direct bank-style options before moving ahead. The page covering Santander loans secured against property helps with that comparison.
Another well-known specialist route is homeowner finance from Together Money, especially where the case needs more flexible underwriting.
Where the reader wants a more formal specialist-lender comparison, United Trust Bank secured loans is a useful reference.
Spring Finance can also be compared with lenders active in the specialist mortgage market. The guide to Vida homeowner secured loans gives another point of comparison.
For homeowners who want to compare newer specialist routes and second-charge finance, West One loans for homeowners may also be relevant.
Income and paperwork
The paperwork usually needs to clearly show income. Payslips, accounts, bank statements, pension income, or benefit letters can all help build a full picture for the lender when assessing affordability.
Some readers want to compare Spring with lenders whose names have worked on more individual cases. The 1st Stop home loans page gives another route to consider.
If self-employed income or a more specialist mortgage background is part of the case, Foundation Home Loans specialist mortgage options can be worth reading before sending details.
Spring-style lending may also be compared with lenders that offer higher loan-to-value options. For that sort of comparison, homeowner finance from Optimum Credit is useful.
Another option for homeowners seeking to understand credit-file flexibility is Paragon’s secured loan eligibility.
The aim is to present the case in a way that makes the income, property value, mortgage balance, and loan purpose easy to follow. A clear application can help the lender move quickly and make the conversation less stressful for the borrower.
Spring Finance and Masthaven Finance details
Spring Finance now sits with Masthaven Finance. Masthaven says Spring Finance and Masthaven Finance are now one, with Spring Finance, established in 2011 as a second-charge mortgage lender, merging with Masthaven in February 2025.
Spring Finance was a trading name of Spring Finance Group Ltd, company number 14088677; Spring Finance Ltd, company number 03709012; SF11 Ltd, company number 07731478; SF13 Ltd, company number 08273729; and Spring Finance M1 Ltd, company number 14111987.
Spring Finance Ltd, now Masthaven Finance Limited, was previously called Spring Finance Limited from 15 September 2011 to 7 February 2025. The current company number for Masthaven Finance Limited is 03709012.
The Spring Finance registered office previously listed in product literature was 3 Theobald Court, Theobald Street, Borehamwood WD6 4RN. Companies House now lists Masthaven Finance Limited at Academic House, 24-28 Oval Road, London NW1 7DJ.
Spring Finance Ltd was authorised and regulated by the Financial Conduct Authority under firm reference number 300606. The FCA Register also shows Masthaven Finance Limited under firm reference number 300606.
Customer services: 020 8387 5550, customerservices@springfinance.co.uk, Spring Finance Limited, Kinetic Business Centre, Theobald Street, Elstree & Borehamwood, WD6 4PJ.
Intermediary and bridging enquiries have also been listed as 020 3910 8700 and bridgingsales@springfinance.co.uk. The website is https://springfinance.co.uk/.
How much cash can I get?
You can achieve 70% of your home’s value. If your house is worth £230,000, you can release £161,000.