Struggling To Finance Your First Development: We Can Help

Mint Bridging are a specialist first time developer funding provider. Where other lenders may struggle to underwrite new developers at Mint we have been commended for our work in this area and the extensive added value that we can provide to such investor. Find out more about our initiatives for new developers and check your eligibility for financing with Mint:

  • No Experience: No problem – we specialise in first time developer funding

  • Multiple Funding Solutions: Bridging, development and auction purchases – all accepted

  • Substantial New Developer Funding: Loan up to 65% LTGDV of your first development with Mint

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

  • No Exit Fees: Mint customers never pay exit fees

  • No First Time Development Restrictions: Light, medium, heavy & ground up development projects

  • Enhance Development Success: Free access to our industry recognised project development team (combined 100+ Yrs experience)


Funding Eligibility 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*

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 : £250,000

Build cost (released in stages) : £75,000

End Valuation : £425,000

Profit : £150,000

Repayment period : 6 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 £5,217 (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
  • 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!

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 : £250,000

Build cost (released in stages) : £75,000

End Valuation : £425,000

Profit : £150,000

Repayment period : 6 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 £5,217 (excluding fees) when the development has completed within the repayment period and they have refinanced the property.



See why first time developers trust Mint Bridging

to help them secure finance

Transparent

We review all finance options to

find tailored funding solutions

based on your needs irrespective

of developer experience

Quick Acceptance

Our service funding is built for

efficiency to help our new developer

clients to grow without cashflow

uncertainty & roadblocks

Service

Our service is built to help new

developers succeed. From industry recognised

project managers to transparent

underwriting were 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 Recent First Time Developer Success Stories