Mint Bridging has launched a new product proposition.

For sub-60% loan to value (LTV) bridging loans on existing residential properties worth up to £1.5 million, Mint will no longer require personal guarantees and has removed the need for an application form.

It has also removed of the need for a valuation.

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 & 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.”