Mint increases loan size to £5m

Mint Bridging has increased its maximum loan size from £1m to £5m following several high-value deals.

The lender invested heavily in its business infrastructure last year and brokers now realise it can complete larger deals and in a shorter time frame.

Andrew Lazare, Managing Director at Mint, said: “We have devoted time and money in providing the foundations that will see our business grow substantially.

“Mint’s recruitment policy has paid dividends and our team of underwriters, in-house legal team and business development team are well respected, experienced and established in the sector.

“Our new London-based office has grown substantially due to our affable approach, dedication and hard work.

“I see terms and updates being sent out regularly at 11:00 in the evening and our consistent, conscientious and open approach helps brokers complete deals smoothly.”

Mint’s offering has been secured by guaranteed funds which have allowed it to expand its lending criteria.

Paul Wertheim, Operations Director, added: “With revised systems and process in place, offering fund larger loans up to £5m leads us into fresh territory, evolving the Mint brand.

“People used to be under the impression we were operating out of a garage with damp on the walls.

“We are now recognised as an 18-strong team, established in the market and as such, our enquiries from valuable and loyal brokers have increased extensively.”