December’s Bridging Funding Overview


Loan Eligibility & Rate Check

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2019 was Mint’s biggest lending year yet and we’re looking forward to an even happier new year with a range of new and improved products for every Bridging need. Here we’ve picked just a few of our best deals from December :

selection of December bridging loans

Walmer

Purpose of Loan: Commercial Property Purchase
Loan Amount: £348,000
Term: 10 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

More Info

To fund a residential property purchase. Development works will be self-funded and expected to complete within 9 months. .

Halifax

Purpose of Loan: Commercial Purchase
Loan Amount: £147,000
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

Funds were required to To purchase and convert a commercial property to residential.

Bracknell

Purpose of Loan: Capital Raise
Loan Amount: £295,000
Term: 18 Months
Security: 2nd Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

Funds are being used to acquire a new site to continue to grow the Borrower’s business, with a second charge being taken on the Borrower’s property.

Wimbourne

Purpose of Loan: Refinance
Loan Amount: £284,000
Term: 18 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

The Borrower is raising funds to refinance the existing 1st charge and to cover planning application for the development of a detached house.

2019 was Mint’s biggest lending year yet and we’re looking forward to an even happier new year with a range of new and improved products for every Bridging need. Here we’ve picked just a few of our best deals from December:

Development Examples

Walmer

Purpose of Loan: Property Purchase
Loan Amount: £348,000
Term: 9 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes
Loan Snap Shot



Case Details

The loan is being used to fund a residential property purchase. Once complete the lender is undertaking a medium level development on the property which will be self funded and expected to complete within the 9 month period.

Halifax

Purpose of Loan: Commercial Property Purchasee

Loan Amount: £147,000
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes
Loan Snap Shot

Case Details

The loan is needed to purchase a commercial property which the developer is going to convert from a commercial property into residential dwellings. They intend to complete all refurbsihment from their own funds.


Loan Eligibility & Rate Check

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