Secure HMO Finance For Clients With Purpose Built Funding

We’ve listened to our clients and brokers and brought to market our purpose-built HMO offering which has been created to reduce the red tape and expedite completions on HMO funding. We’ve doubled our maximum budgets, fast-tracked completions with incentives built for speed and client fee reductions and packaged this into our more efficient offering meaning that our intermediary clients complete quicker leading to quicker commissions. Review any new or upcoming HMO cases with an AIP check and discover the eligibility, rates and commissions :

  • High development Funding: Secure up to 65% of your clients projects LTGDV

  • Substantial HMO Project Funding Available: Fund up to £1.5M of your client’s development costs

  • Industry Low Rates: Rates starting from as low as 0.7%

  • Fast Funding Delivery: Valuation not needed in a large number of applications

  • Smoother Borrowing: Guarantors not needed in a large number of applications*

  • Enhanced Cashflow: Your clients can receive up to 75% of your funds on day 1 of drawdown

  • Market Leading Service: Clients access experienced project development team for FREE

  • No Exit Fees: Your clients will never have exit fees to pay when with Mint


AIP & Commission Check

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Review Available Rates

LTV 50%
(or less)

meaning*

LTV 60%
(50 - 60%)

meaning*


LTV 70%
(60 - 70%)


meaning*


LTV 75%
(70-75%)


meaning*

Day 1 Funds

Up to 75%

Up to 75%

Up to 70%

Up to 70%

LTGDV (max available)

65%

65%

65%

65%

Valuation Needed*

Free

PG Required

Rate From

0.6%

Apply

Rate From

0.65%

Apply

Rate From

0.7%

Apply

Rate From

0.8%

Apply

Representative Example

The applicant: They are purchasing a property with the view to turning it into a HMO consisting of multiple bedrooms


Project Details

Site cost/valuation : £600,000

Build cost (released in stages) : £300,000

End Valuation : £1.4M

Profit : £500,000

Repayment period : 9 Months


Mint Delivers

Application : Accepted same day (agreement in principle)

Rate Applied : 0.75%

Assets & Legals : Completed within 48 Hrs*

Day 1 Drawdown : 70% of Loan


Repayment

The borrower will repay the loan amount at the compounded monthly interest of 0.75% at a cost of £20,868 (excluding fees) when the development has completed within the repayment period and they have refinanced the property.



  • LTV < 50%
  • LTV 50-60%
  • LTV 60-70%
  • LTV 70-75%
  • Day 1 Funds
  • 100% of loan
  • 100% of loan
  • 100% of loan
  • 100% of loan
  • This is the amount available for drawdown day 1, your underwriter will discuss your level of funding
  • LTGDV (max available)
  • 65%
  • 65%
  • 65%
  • 65%
  • The loan amount based on LTGDV will be determined by underwriters on application
  • Valuation Needed*
  • No
  • No
  • Free
  • Yes
  • *Valuations may not be necessary should you require less than 75% of the purchase price and the development requires minimal work
  • PG Needed
  • No
  • Yes
  • Yes
  • Yes
  • A PG will be required in most cases where borrower contribution is more than 50%
  • Rates From
    0.6%
  • Rates From
    0.65%
  • Rates From
    0.7%
  • Rates From
    0.8%
  • This 1665-player contest boasts a $300,000.00 prize pool and pays out the top 300 finishing positions. First place wins $100,000.00. Good luck!
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Representative Example

The applicant: They are purchasing a property with the view to turning it into a HMO consisting of multiple bedrooms


Project Details

Site cost/valuation : £600,000

Build cost (released in stages) : £300,000

End Valuation : £1.4M

Profit : £500,000

Repayment period : 9 Months


Mint Delivers

Application : Accepted same day (agreement in principle)

Rate Applied : 0.7%

Assets & Legals : Completed within 48 Hrs*

Day 1 Drawdown : 70% of Loan


Repayment

The borrower will repay the loan amount at the compounded monthly interest of 0.75% at a cost of £20,868 (excluding fees) when the development has completed within the repayment period and they have refinanced the property.



See why intermediaries & brokers trust Mint Bridging

to help them secure HMO finance

Transparent

We review all finance options to

find tailored funding solutions

based on your needs

Quick Acceptance

Our service is funding is built for

efficiency to help our clients grow

without cashflow roadblocks

Service

From direct access to underwriters,

free project management & more

discover why Mint are best in class

“Our client had funded their development with a well-known bridging lender. The development of apartments were all completed and on the market for sale but the current lender refused to extend the term and instead was threatening an LPA receiver. We successfully worked with Mint to refinance the loan, providing our borrower with enough time to sell the flats and realise their profit.”

Aaron Sinclair, Mint Bridging Customer

Some Of Our Most Recent HMO Funded Loans