Mint Bridging posts record month
The Altrincham-based business said during the first three months of the year it generated an 820% increase in its loan book compared to 2015’s Q1 period.
Family-run bridging lender Mint Bridging completed 21 loans in a single day, contributing to a record month in March which saw it deliver 35 loans.
The Altrincham-based business said during the first three months of the year it generated an 820% increase in its loan book compared to 2015’s Q1 period.
Mint recently increased its maximum loan size to £5m; the largest loan during the month was confirmed at £3.5m.
Andrew Lazare, managing director at the lender, said: “We have grown from only a handful of employees this time last year to an 18-strong team.
“Given our size I’m incredibly proud of what we’ve achieved. “
Lazare said part of the reason the business had seen a boost was down to the recent stamp duty changes coming into effect on 1 April.
He added: “We had to work under some real pressure to get the flood of applications completed on time whilst still allowing for our lending criteria to be met on all the loans.”
http://www.mortgageintroducer.com/mint-bridging-posts-record-month/
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