Mint Bridging has removed the
need for a valuation, an application form and ‘personal guarantees’ for a
sub-60% loan-to-value straight forward bridging loans on existing residential
properties worth up to £1.5m.
This follows the provision of direct access to its
eight mandated underwriters and the creation of different specialist teams for
development lending and traditional bridging activities.
Andrew Lazare, managing director at Mint Bridging,
said: “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, rebridging and commercial loans.
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