Monday, January 14, 2019

Mint Bridging Hires Head of Legal

Featured in Mortgage Introducer:

Mint Bridging has appointed Andrea Naylor (pictured) to the newly created role of head of legal, which will include managerial responsibility for Mint’s underwriting team.
She was previously at Goldentree for five years, where she was part of the legal team and has 26 years of experience in real estate, working in-house for national housebuilders and international private practice.
Naylor said: “The offer of this customised role is an incredible opportunity for me. Mint Bridging has a tremendous passion for lending and are extremely ambitious.
“My skills and expertise will be a strong asset developing the underwriting team and I’m excited with the prospect of being part of a pivotal role in the company’s expansion.”
Andrew Lazare, managing director, said: “The changes we have made within the business and the appointment of Andrea Naylor will take us to the next level in our journey, reinforcing Mint as the predominant go-to bridging lender in the unregulated space.
“Coming at a time when our loan book stands at a record high, we already see the potential that Andrea has brought to the table. With Richard’s recent well-earned promotion, both Andrea and Richard strengthen the core management team to take Mint to the next level in 2019.”
The appointment of Naylor is part of a management restructuring, with the recent announcement of promoting head of underwriting Richard Showman to the newly created role of head of lending.
Alongside Naylor’s promotion, the company has hired multiple employees over the past 12 months, resulting in relocating to larger offices. Mint’s headquarters is now situated in a 5400 sq ft space at the Atlantic Street Business Park, Altrincham.

Wednesday, January 9, 2019

Richard Showman's Five Minute Interview Feature

Richard Showman has been featured in Bridging Loan Directory's Five Minute Interview. Enjoy!

The Five Minute Interview with Richard Showman, Head of Lending, Mint Bridging

Richard Showman Mint Bridging
Mint Bridging provide handcrafted loans to meet the exact needs of every borrower. They are a unique provider of individually structured, short-term finance for property purchases, developments and general capital raising.
We speak to Head of Lending, Richard Showman:
What is the best thing about being in the bridging finance business?
The speed of the industry and variety of applications, which give an insight into the borrowers ingenuity. Sometimes we get the opportunity to prove why Mint Bridging is so different from other lenders, using our combined expertise to present the borrower with a different option or solution to their problem. And obviously, saving them time and money is always at the forefront.
What keeps you focused?
Not a what, but more of a who. At its most simplistic, Managing Director Andrew Lazare keeps me focused but it’s so much more than that. I have lived and worked through the 1990 property slump, then credit crunch of 2008/9 onwards so I believe my focus comes from experience, not least the experience of failure. We have all heard of the travails with other lenders in the industry so that’s got to be a salient lesson to all of us. No one is immune to errors or pitfalls, which is why everyone at Mint is always completely on the ball at all times.
What qualities do you look for in your employees or colleagues?
Commitment and loyalty. I am exceptionally lucky that everyone at Mint is on the journey together.  Underwriters have been known to look at cases at 11pm, on the weekends and while they’re on holiday. It’s this sense of ‘team’ which sets us apart and makes us so passionate about what we do.
Are you an optimist or a pessimist?
At heart, I’m an underwriter so naturally a pessimist with an optimistic learning development characteristic. But being a pessimist is also a greatly optimistic trait as it keeps me grounded.
What did you want to be as a child?
I had no clue, maybe a surgeon since I was addicted to watching operations on TV. Then again watching versus doing are two completely different things!
What will be the greatest challenge facing the bridging finance industry in the coming months?
Who or what makes you laugh?Brexit. There hasn’t been this amount of political upheaval since before World War II. Upheaval brings uncertainty and uncertainty is bad.  We’ve already seen the introduction of Brexit clauses in valuations. Valuers are like the rest of us: uncertain. So valuations will be a result of a fall in the industry. Development valuations depend on a projected market value in X months time but as we are in this period of uncertainty, it’s a shaky area to be in, trying to gauge a realistic valuation when the market can change at any given moment. I’m relieved that I’m not a valuer.
There isn’t a day in the office where we haven’t laughed. The camaraderie at Mint is excellent but generally speaking, I’m a big fan of Peter Kay, Michael McIntyre and John Bishop.
Do you dread Monday mornings?
No, I never have. Mondays are usually my best days.
If you could change one thing about yourself, what would it be?
About two stone in weight!
With whom would you most like to have dinner?
Theresa May: I’d ask her how she manages to motivate herself to get up everyday and try to do the best for this country against a background not of her making, where she can do no right for doing wrong.


Wednesday, January 2, 2019

Mint Bridging promotes its Head of Underwriting.

Mint Bridging promotes its Head of Underwriting.

Altrincham, Cheshire – December 2018:  Mint Bridging has created the new role of Head of Lending for Richard Showman. Richard was previously Head of Underwriting, a position which he held since joining Mint in September 2015. He has previously worked in a variety of senior financial services and property related roles in a career which dates back to 1990, and he is also a Chartered Surveyor.


This role provides opportunity to take a more strategic position in the business. This will include additional development work with Mint’s lawyers, valuers and quantity surveyors, as well as provision of additional support for funders. He will continue to play a significant part in day to day decision-making for new lending opportunities, alongside being more involved in overseeing the management of the company’s loan book.

Commenting on the promotion Mint’s Managing Director, Andrew Lazare, said “Richard has been at the centre of our lending management for over 3 years and our recent success could not have occurred without his considerable commitment, care and expertise. I am delighted that we have been able to reward his hard work with this newly created position, and I am confident that he will be at the heart of the success of our business for many years to come.”

Richard added ‘I am incredibly pleased to be able to step up into a new responsibility which has been tailor-made for me. This position gives me exposure to almost every part of the company, particularly delivering growth success in 2019 and the long term.”

The promotion builds on recent significant progress at Mint, which includes seeing its loan book hit a record high, and relocation to newly refurbished 5400 sq ft business premises at the Atlantic Street Business Park in Altrincham.

Please contact Sinead or Andrew at 0844 415 6500. 

For further information: www.mintbridging.co.uk and https://twitter.com/Mintbridging

Mint Bridging has been operating since 2011, offering uniquely structured, handcrafted short-term bridging loans (up to £5 million) that borrowers use to fund property purchases, refinance, second charge loans or development projects. As the business is privately funded, third parties do not dictate lending decisions. This results in their brand strategy generating faster loan conversions.
For brokers looking for a fast, flexible and original approach to borrowing, Mint has a team of 30 people with six mandated underwriters. Sinead Moynihan heads up the sales team, while Richard Showman manages the underwriting team. Andrew Lazare and industry magnate Mark Abrahams run the business.