The product is available at up to 70% LTV for the purchase of houses, flats and commercial properties, with terms between one and 12 months.
It has a maximum loan size of £3m and is available to both new and existing introducers.
“Building on our ongoing success with developing handcrafted loans, we looked at how we could handcraft an auction product,” said Andrew Lazare, managing director at Mint Bridging.
“We have designed this product to enable buyers to invest in auction property, without having a high monthly interest rate.
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“With the benefits of streamlined conveyancing via title insurance, we can provide this product with fast turnarounds, which is just what this part of the bridging market needs.
“We initially gave this product a soft launch and it has been so well received that we are now opening it up to the wider market.”
The bridging lender has recently relocated to its new offices as it looks to support its growth plans following a record quarter.
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