Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured

Time: 0:0

Mint launches 80% LTV development bridge

04 December, 2015

By: Ryan Fowler

category: Commercial, Residential, Secured, Short Term, Unsecured

0

Mint Bridging has launched an 80% loan-to-value product aimed at developers carrying out medium to heavy refurbishment projects.

The product is aimed at developer clients undertaking projects such as splitting houses into apartments, converting commercial properties to residential or full renovation of tired houses.

Loans from £100,000 to £1,000,000 are available on a non-regulated first charge basis in England and Wales.

Mint said the client should have necessary money for refurbishment but be short of the deposit needed to fit traditional bridging loan criteria.

Paul Wertheim, operations director, said: “We have been trialling this product since spring and received an overwhelmingly positive response.

“We’re sure that eyebrows will be raised by the high LTV, but we have established an effective underwriting and loan monitoring policy that enables us to manage any perceived increase in risk.”

Andrew Lazare, managing director of Mint, added: “This product launch caps what has been an outstanding year for us.

“We have lent a record amount, had record redemptions and hired fantastic new recruits.

“But we are not resting on our laurels and are already working on a whole new suite of products to launch in early 2016.”


Recent News

Second charge lending up £13.4m

24 November, 2021

Selina Finance ups second charge LTV

22 November, 2021

Pepper Money completes largest second charge securitisation

18 November, 2021

Ryan McGrath exits The Loans Engine

03 November, 2021

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Morwell Pokies Opening Hours - 24 Pokies Casino No Deposit B...

20 August, 2021

  • 0

Uptown Pokies No Deposit Codes 2021 | Casinos related to Upt...

20 August, 2021

  • 0

The Top Online Pokies And Casinos In Australia | 5 dragons p...

20 August, 2021

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© CEDAC Media: Our Privacy and Cookies Policy

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login