Mint Property Finance Launches First in a Series of Market-Beating ‘Power Products’ with a Standard Bridging Loan with Rates from 0.4%pm and up to 85% LTV

Leading specialist finance lender Mint Property Finance has launched the first in a series of new market-beating ‘Power Products’.

The new Standard Bridging Loan offers up to 85% LTV with rates starting as low as 0.4%pm pushing the boundaries of conventional bridging finance.

This unique product provides Borrowers with the opportunity to borrow up to 10% more than traditional bridging loans, which are largely capped by competing lenders at 75% LTV.

The launch heralds the start of the leading finance company’s drive to change the future of lending, with a suite of new market-beating ‘Power Products’.

The Standard Bridge is available on loans ranging from £75,000 to £2,500,000, with rates from 0.4% pm and terms of up to 12 months.

In addition, Mint Property Finance has scrapped its minimum term, with no valuation or personal guarantee required on loans of up to 65% LTV.  The new product is available on properties secured in England and Wales.

Finally, foreign nationals are invited to enjoy up to 75% LTV, up to 15% more than that of the majority of competitors.

Speaking on the launch, Founder and Managing Director of Mint Property Finance, Andrew Lazare, said: “most lenders including ourselves have always looked at short-term finance as an asset lending play where little credit is given to the borrower for their track record or net worth.

“Over the last few years whilst the sector has grown, the mindset of only lending against the security on offer hasn’t.  We believe that borrowers with a proven track record and experience ought to be able to borrow more money from us without us having to seek additional security from them.  Provided the exit strategy is sound we are able to now offer enhanced, market-leading loan to values.

“In addition, we have benchmarked our prices against our competitors to ensure we are competitive across the whole LTV spectrum with our rates starting at 0.4%pm, which is comparable to some challenger banks.

“As a privately funded lender we’re well recognised for delivering handcrafted lending solutions for our partners.  We wanted to leverage our position further and launch a range of market-beating products that we hope will change the face of future lending.

“Our new products are a long time in the making and we are, with this first launch, delighted to bring them to market.”

Mint Property Finance is recognised for its unique, flexible approach to lending, its people-first culture, and commitment to launching new and innovative products that meet the Borrower and Lender’s needs.  The business is proud to provide Partners with a price-match guarantee.

The launch of the Standard Bridge is the first in a suite of new market-beating ‘Power Products’ from Mint Property Finance, positioning the business well for continued future growth.

The news comes to follow an exceptional Q1, with the business recording its most successful month on record in April 2021.