Mint Bridging announces 820% lending surge

The achievement helped the Cheshire-based lender to generate an 820% increase in its Q1 2016 loan book compared with the same period last year.

Mint recently increased its maximum loan size to £5m, and the largest loan during the month was confirmed at £3.5m.

Andrew Lazare, Managing Director, said he had an exceptional team and all its hard work had paid off.

“With only a handful of employees this time last year to a now 18-strong team and additional recruits underway, I’m incredibly proud [of] what we’ve achieved,” said Andrew.

“Some of the completions were partly due to the new stamp duty changes coming into effect on 1^st April, and we have to work under some real pressure to get them completed on time whilst still allowing for our lending criteria to be met on all the loans.”

Mint is expecting Q2 to deliver another large increase in volumes and completions.