The figure is a record for the Cheshire-based lender which credits the success to a new, simplified product range comprising of a standard bridging loan, rebridging loans, refurbishment or development loans and second charge loans.
Earlier this month, Mint revealed that it had increased its maximum loan size from £1m to £5m and had placed more focus on Greater London and southern England.
Andrew Lazare, Managing Director of Mint, said: “We’ve not only been inundated with more inquiries, yet these conversion rates have increased 75%.
“As we have [a] tight-knit, hands-on team, our personal approach has also resulted in a high number of referrals.
“As we lend our own money, we can deliver quickly and with minimal fuss and this is allowing us to increase our market share.
“At the end of the day, it’s just not about the best rate, it’s about the best service.”
Mint, which has a staff of 18, is forecasting that loans will increase by 12% per month during 2016.
Leave a comment