Mint Bridging launches new products for its speed bridging team.

05-Jun-2019

Mint Bridging is delighted to announce major innovations to its product offering. 

Following the recent announcement of the provision of direct access to its eight mandated underwriters and the creation of different specialist teams for development lending and traditional bridging activities, Mint is pleased to confirm the launch of a new market-leading product proposition. 

With immediate effect, for sub-60% Loan-to-Value straight forward bridging loans on existing residential properties worth up to £1.5M, Mint will no longer require ‘Personal Guarantees’ and has removed the need for an application form. The most eye-catching move however is the abolition of the need for a valuation. 

Andrew Lazare, managing director at Mint Bridging elaborated. “The separation of our teams has created an ideal opportunity to look afresh at what it means to be a provider of traditional bridging products & services. For this type of lending our intermediary partners and borrowers particularly value a speedy, slick, cost-effective process. We have listened to their needs and are pleased to be able to make these criteria changes to allow us to launch this new product. We believe it will deliver exactly what they have asked for, and will be very popular.” 

With over 100 years of collective lending experience, Mint provides bridging, development and refurbishment loans as well as auction finance, re-bridging and commercial loans. In the near decade since it was formed, Mint has lent on a short-term basis in virtually every possible lending scenario.