Featured in Bridging & Commercial:
It is the fourth offering in the specialist lender’s series of ‘power products’, and has a maximum loan size of £5m and up to 70% LTV.
It is available on all residential kerbside houses and flats, with all types of borrowers considered, including foreign nationals.
As with Mint’s other bridging products, there are no minimum terms, and cosmetic works are permitted.
“To date, we, along with a lot of our competitors, have been focused on sub-million-pound loans,” said managing director, Andrew Lazare (pictured).
“We are seeing increasing demand for higher value loans — particularly within the M25.
“As we continue to significantly grow our business, along with our funding, we are in a position to satisfy that appetite for higher value lending with the launch of our high value bridge, further strengthening our foothold in the South.”
The privately funded lender also offers a standard bridging facility with up to 85% LTV and rates from 0.40% per month, a light works loan with up to 75% GDV and rolled up interest available, and a Scotland bridge with rates from 0.40% per month on loans from £75,000-1m.
Mint also provides partners with a price-match guarantee on selected products.
No comments:
Post a Comment