Mint Property Finance

Mint Property Finance enters Scottish market with new bridging product

Mint Property Finance has expanded its services into Scotland with the launch of a new bridging loan for this region.

The Scottish standard bridging option — Mint’s third ‘Power Product’— offers loans between £75,000 and £1m (with higher facilities considered for city centre locations) on terms up to 12 months.

Rates start at 0.40% per month at 40% LTV, going up to 0.70% per month at 70% LTV.

The product is available for individual residential kerbside houses and flats for all types of Scottish borrowers, as well as foreign nationals.

It only applies for properties located on mainland Scotland in the AB, PH, DD, FK, G, ML, PA and EH postcodes.

Andrew Lazare, founder and managing director of Mint Property Finance (pictured above) said: “Increasing our bridging offering to brokers and borrowers in Scotland is the next logical step in the evolution of the business [and] we’re delighted to enter the market with such a competitive product. 

“We have set out our ambitious growth plans and we see the Scottish market as an area where we can grow our business and continue to provide our best-in-class service and pricing to a wider audience.

“2021 has been an exceptional year for us, one that has seen our lending records broken month on month.  

“We believe that we can increase our loan completions volumes significantly through this move and look forward to announcing relationships with key Scottish partners in due course.”

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