Mint Bridging

Mint Bridging launches 65% LTV product

Mint Bridging has launched a new 'special product' this month following demand for its Covid-19 related offering in April.

The new product is available to those seeking loans up to the value of £400,000, until 31st of May.

It has a maximum LTV of 65%, at a rate of 0.89%, with no exit fee for loans over £100,000.

Mint is supporting the use of desktop valuations to keep business moving, while adhering to social distancing guidelines that remain in place.

Sinead Moynihan, head of sales at Mint Bridging (pictured above), said: “Although April was a particularly demanding month for us, as it was for businesses of all sizes up and down the country, we were able to undertake over 40 transactions.”

“…We have a strong pipeline of loans in place and can offer competitive products that meet the unique challenges of the current economic climate. 

“Of the April transactions, 18 included borrowers who had development loans requiring drawdowns to keep them building — a feat we’re particularly proud of. 

“Our goal now, as it always has been, is to support those within the property sector by providing products they can rely on and a team they can trust.”

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