Mint Bridging Second Half Year Growth

Mint Bridging, the award winning bridging lender, is continuing to go from strength to strength and is has exceeded its forecast for growth in the past 6 months.

Its strategy of ‘Handcrafted loans’, along with its ‘summer valuation offer’ has been very well received in the marketplace and as a result of a strong sales team, highly experienced underwriters and increasing access to lending facilities it has lent over £325,000,000 across over 775 loans and has current funds under management of over £100,000,000.  

In the last 12 months Mint has grown significantly and now has over 30 staff in sales, underwriting, legal and finance roles across two sites.   This growth can be partly attributed to the processes put in place to allow underwriters to deal directly with brokers and in line with our ‘handcrafted loans’ strategy, take a view on enquires with knowledge and expertise that all our departments can give.  As the company is 100% privately funded, it also allows them the freedom and flexibility in helping clients create bespoke business opportunities.

Paul Wertheim, Director said “We know there is a slowdown of growth in the current government forecasts and in spite of this we are still going well and strengthening our offering. As we are not solely concentrated in London we have seen a steady rise in enquires and our response times from enquiry to completion are improving month on month without compromising our positions.  Whist other lenders maybe taking more risks in what they will lend against, we are looking at lowering our risk whilst still maintaining competitive rates and a first class service.  We are all proud of the team we have in place and their ability to asses’ brokers and client’s needs but with a sense of awareness of the testing financial and property climate, this is mainly due to our underwriters experience and knowledge.”

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