Mint Bridging has separated out its development lending from its traditional bridging lending.

It has established two distinct teams for the two types of lending.

The new development team is staffed by experienced development underwriters, supported by an expanded portfolio management team.

It is overseen by credit risk manager, Peter Howarth, who has several decades of development experience.

The bridging team has been set up to provide a service for those after a traditional bridge.

Mint says it will be announcing a new product offering in the coming day.

Andrew Lazare, managing director at Mint Bridging, said: “As we looked at our progression as a business and our recruitment over recent years of some very experienced and impressive staff, we felt that the time was right to create differentiated offerings for the two different types of lending, thereby providing our broker partners with greater clarity.

“Many lenders mix together development and traditional bridging into one team but we felt that it would be better to provide a structure which allowed each of our staff to concentrate on one, rather than both of these areas of lending given that they are so very different. We are very excited about being able to provide a bespoke service.”