Secure Your Finance For Your Next HMO Project Today

Mint Bridging are a specialist lender who have been financing property investors and developers since 2011. With over £450M to new and experienced investors we are a leading alternative financing provider who have just been voted the What 2019 Bridging Lender of The Year. Find out more about our best in class HMO development financing today:

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

  • Substantial HMO Project Funding Available: Loan up to £1.5M of your development cost

  • Industry Low Rates: Rates starting from as low as 0.75%

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

  • Enhanced Cashflow: Receive up to 70% of your funds on day 1 of drawdown

  • Market Leading Service: Access to an experienced project development team for FREE (combined 100+ Yrs experience)


  • No Exit Fees: Mint customers never have exit fees


HMO Development Funding 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 businesses & investors trust Mint Bridging

to help them secure 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