Record month for Mint Bridging

Published on

Mint Bridging has revealed that it completed 21 loans in one day, alongside a record month of 35 loans during the month of March.

The Altrincham based, privately funded short-term bridging and re-bridging lender generated an 820% increase in its loan book compared to 2015’s first quarter.

Mint Bridging recently increased its maximum loan size to £5m; the largest loan during March was confirmed at £3.5m.

Andrew Lazare, managing director of Mint Bridging, said: “We have an exceptional, hands on team all our hard work to aggressively grow has 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 what we’ve achieved.

“Some of the completions were partly due to the new stamp duty changes coming into effect on the 1st 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.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Clydesdale Bank to cut mortgage rates across multiple product ranges

Clydesdale Bank has announced a series of rate reductions across its residential mortgage products,...

NatWest improves international property buyers’ mortgage accessibility

UK mortgage brokers can now access NatWest International via the NatWest Broker Portal. This move...

Aspen Bridging promotes senior quartet

Aspen Bridging has made four key strategic senior promotions. The appointments have been made to...

Pluto Finance hires Wales lending director

Pluto Finance has appointed Stephen Ryan as lending director for Wales, strengthening its commitment...

Other news

Clydesdale Bank to cut mortgage rates across multiple product ranges

Clydesdale Bank has announced a series of rate reductions across its residential mortgage products,...

NatWest improves international property buyers’ mortgage accessibility

UK mortgage brokers can now access NatWest International via the NatWest Broker Portal. This move...

Aspen Bridging promotes senior quartet

Aspen Bridging has made four key strategic senior promotions. The appointments have been made to...