The new offering will be available on sub-60% LTV, straightforward bridging loans on existing residential properties worth up to £1.5m, with immediate effect.
The bridging lender has also removed the need for a valuation on loans within these parameters.
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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 and 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.”
This follows Mint’s announcement that it would provide brokers with direct access to its eight underwriters (underwriting team pictured above).
It also created two distinct teams for bridging and development lending, giving staff the ability to concentrate on one area of lending.
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