The new products include bridging, refurbishment, and development finance and are all available in England and Wales.

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Some of the key features of the products include:

Bridging

• loans between £75,000 - £3m
•  loan terms up to 12 months (no minimum term)
•  no valuation up to 65% LTV
•  all types of borrowers considered
•  heavy adverse credit considered where exit is sale
•  available for residential kerbside houses and flats, or light commercial use properties (such as mixed-use retail and office use)

Refurbishment

• loan sizes between £75,000 - £1m
• up to 75% LTV day one
• no minimum term and maximum term of one year
• heavy adverse credit considered where exit is sale
•  up to 100% of works
• available for residential kerbside houses and flats

Development finance

• loans between £75,000 - £1m
•  up to 75% LTV day one
•  loan terms up to 18 months (no minimum term)
•  first-time developers accepted
•  up to 100% of works
•  available for development schemes resulting in up to four houses or eight flats

Steve Smith, head of sales at Mint Property Finance (pictured above), commented: “In an increasingly complex market, our desire is to make it even easier for introducers and borrowers to quickly and easily understand what we do.

“The sector currently finds itself surrounded by volatility, uncertainty, confusion, and ambiguity, so we felt that the time was right for a simplified suite of products that deliver an easy lending solution.

“A lending solution that is effortless and straightforward, allowing every element of the enquiry, application, underwriting, completion, and redemption process to proceed efficiently.

“In its simplest form, bridging finance, refurbishment loans, and development finance sit at the very heart of what we do here at Mint and, as such, we have streamlined our range of services.”