Wednesday, November 25, 2020

Mint Bridging expands team with three new hires

Featured in Bridging & Commercial:

Mint Bridging has made three new appointments to strengthen its team.


Danielle Comer (pictured above) takes up the position of a pre-completions manager — in her new role, she will be in charge of delivering a high-quality service to brokers, solicitors and borrowers. 

Danielle has many years of experience within the sector, having most recently held the position of a completions manager at Together, where she worked for five years.

Laurence Perkins joins the specialist lender as an underwriter.

Prior to this, he worked at Together as a development funding case manager, and Bank of Ireland as mortgage underwriter.

The third addition to the team is Anthony Gorman, who joins as a business development manager. 

Prior to this, he worked as commercial sales executive at Together for over three years.

In his new role, he will be a point of contact within the business for introducers.

Andrew Lazare, founder and managing director of Mint Bridging, said the lender was delighted to be growing the team to make it “the best it can be”.

“Like most businesses, the past year has been a rollercoaster — from Brexit looming over our heads to the height of the current global pandemic, we’ve had to adapt to new ways of working and reflect on how we can continue to grow as a business.

“We’ve managed to take this time to consolidate our learning and plan for the future, setting out a clear roadmap of how we take Mint to the next level. 

“Part of that journey was the appointment of Karen [Shepherd, operations manager at Mint Bridging], followed by Laurence, Dani and Anthony, all of whom bring with them a wealth of knowledge and experience that will be invaluable to the business.”

He added that Mint Bridging has some “very exciting things ahead” in the new year.

Wednesday, November 18, 2020

Mint Bridging strengthens its team with new appointments

Featured in Mortgage Finance GazetteMint Bridging, which specialises in short-term property finance, has made several new appoints to strengthen its team and futureproof its growing business. 

Andrew Lazare, founder and managing director of Mint Bridging, said: “Like most businesses, the past year has been a rollercoaster. From Brexit looming over our heads to the height of the current global pandemic, we’ve had to adapt to new ways of working and reflect on how we can continue to grow as a business.

“We’ve managed to take this time to consolidate our learning and plan for the future, setting out a clear roadmap of how we take Mint to the next level. Part of that journey was the appointment of Karen, followed by Laurence, Dani and Anthony, all of whom bring with them a wealth of knowledge and experience that will be invaluable to the business.”


Karen Shepherd joined the team as its new operations manager to drive operational efficiencies and provide best-in-class service. Coming from a background in process improvement and having worked in the finance industry for over 30 years, Karen arrived at Mint with tried and tested methods to streamline operations, and her efforts are already reaping rewards.

Mint has also strengthened its underwriter team with the addition of Laurence Perkins. Laurence arrived at Mint as a seasoned underwriter. With a keen eye for detail, his knowledge and expertise make him a great asset – someone who can make the most complex of development loans feel simple and straightforward.

Danielle Comer takes up the role of pre-completions manager, delivering a high-quality service to brokers, solicitors and borrowers. Danielle has many years of experience within the sector, having most recently held the position of completions manager at Together, where she worked for 5 years, and before that holding multiple roles at Cantor Law, where she was employed for 8 years.

The final addition to the team is Anthony Gorman, who takes up the mantle of business development manager. Like Danielle, his most recent role was at Together, where he worked as a commercial sales executive for over 3 years. We believe Anthony has fantastic communication skills and property knowledge and will be able to build great relationships and be a trusted point of contact within our business for our introducers.


With more than 100 years’ collective experience, Mint Bridging’s team has a long history of lending – with expertise within bridging and development finance.


The company prides itself on its ability to build, nurture and grow relationships with both brokers and borrowers, by offering loans that are competitively priced.


Andrew added: “We’re delighted to be growing our team as we look to make the business the best it can be. What’s more, we have some very exciting things ahead of us in the new year so watch this space!”

For more information regarding these products, as well as Mint Bridging’s other services, you can contact the team by calling 0161 710 2006 or emailing enquiries@mintbridging.co.uk.

 

Karen Shepherd

Wednesday, November 11, 2020

Asking prices rise 5.5% to new record high: Rightmove

Featured in Financial Reporter:

The average price of property coming to market increased by 1.1% this month to a new record high of £323,530, according to the latest Rightmove house price index.


This is 5.5% (£16,818) higher than a year ago, the highest annual growth rate for over four years.


The momentum caused by the combination of pent-up and new demand has led to new records in several key metrics and, as a result, Rightmove forecasts that the annual rate of increase will rise further before the year-end and peak at around 7%.


Despite the effective market closure between late March and mid-May, 2% more sales have been agreed so far this year than in the same period in 2019.


As well as the new price record, September saw three new records for market activity.


Firstly, the average time to sell is now 50 days, which is 12 days faster than the same period last year. For the first time ever, estate agents now have more properties marked as sold than they have as available for sale.

Finally, the number of sales reported by agents also set a new record, and was 70% higher than the same period a year ago.


Rightmove also recorded a 49% increase in traffic in September compared to the same period last year, which is the biggest year-on-year jump since 2006. So far in October the number of sales agreed is still 58% up on the same period last year. The number of active buyers contacting estate agents also continues to run at a high level, up by 66% in September compared to 12 months ago, and only marginally down on the peak of +67% seen in July.


Tim Bannister, Rightmove’s director of property data, commented: “Previous records are tumbling in this extraordinary market, and there are still some legs left in the upwards march of property prices. We predict that the annual rate of growth will peak by December at around 7% higher than a year ago. Many buyers seem willing to pay record prices for properties that fit their changed post-lockdown needs, though agents are commenting that some owners’ price expectations are now getting too optimistic, and not all properties fit the must-have template that buyers are now seeking. Not only is the time left to sell and legally complete before the 31st March stamp duty deadline being eaten away by the calendar, but more time is also needed because the sheer volume of sales is making it take longer for sales that have been agreed to complete the process. Sellers and their agents should therefore be wary of being too optimistic on their initial asking price, as whilst activity levels continue to amaze there are some signs of momentum easing off from these unprecedented levels.


“Prospective buyers are seeing properties selling fast and prices rising as they search for their next home , adding to momentum and spurring them on to act quickly. With the number of buyers contacting agents still up by two-thirds on a year ago, there is plenty of fuel left in the tank to drive further activity in the run-up to Christmas and into next year. There have also been government promises of additional low-deposit mortgage support for first-time buyers, which could prove to be timely as we run up to 31st March. It appears that the current momentum, assisted by the prospect of stamp duty savings, is helping to keep the housing market healthy. Estate agents have worked hard to give confidence to sellers and buyers alike that property viewings can be conducted safely, and early signs show that market activity still remains high in areas with stricter local lockdowns.” (Financial Reporter)