BRIDGING FINANCE

RATES FROM 0.45% PER MONTH

PRODUCT GUIDE

SPECIALIST PRODUCTS

T: 0161 710 2006 E: info@mintbridging.co.ukW: mintbridging.co.uk

DEVELOPMENT FINANCE

REFURBISHMENT LOANS

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WELCOME TO OUR PRODUCT GUIDE

This guide is designed to give you an at-a-glance overview of the wide range of products and services that we offer.

Whilst this guide will introduce you to many types of loans, we welcome enquiries relating to bespoke projects that may require something more, a handcrafted solution. Our in-house team of expert lawyers, underwriters and quantity surveyors are on hand to help with any enquiries you have.

Let’s start a relationship that lasts;Call us today on 0161 710 2006.

BRIDGING FINANCE PRIME BRIDGING 4 STANDARD BRIDGING 6

REFURBISHMENT LOANS

LIGHT REFURBISHMENT 8

MEDIUM REFURBISHMENT 10

HEAVY REFURBISHMENT 12

DEVELOPMENT FINANCE DEVELOPMENT 14

SPECIALIST PRODUCTSAUCTION 16

REBRIDGING 18

COMMERCIAL 20

NO VALUATION 22

CONTENTS

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Outside of this criteria please contact us on 0161 710 2006 to discuss

General Criteria

Asset LocationInside the M25

Asset TypeHouses or flats

ApplicantsAll applicant types acceptable

Credit ProfileNo adverse data in last 24 months

Re-BridgingNo

Sector ExperienceYes

Works PermittedNo

Charge1st and 2nd charge

BRIDGING FINANCE | PRIME BRIDGING

PRIME BRIDGINGDesigned for experienced property investors looking to finance high value residential investment properties.

1 - 12months

up to

£5mloan size

up to

65%LTV

from

0.65%per month

6 7

STANDARD BRIDGINGDesigned for Borrowers wishing to purchase or refinance residential properties.

Outside of this criteria please contact us on 0161 710 2006 to discuss

General Criteria

Asset Location England & Wales

Asset TypeHouse or flats

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Re-BridgingNo

Sector ExperienceNot necessary

Works PermittedMinor

Charge1st and 2nd charge

Product SpecificFor loans over £500,000 the applicantmust own their own home

BRIDGING FINANCE | STANDARD BRIDGING

up to

£5mloan size

from

0.75%per month

up to

75%LTV

1 - 12months

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REFURBISHMENT LOANSLIGHT REFURBISHMENT Designed for the refurbishment of properties where no planning amendments or structural changes are required, and the refurbishment costs do not exceed £100,000.

REFURBISHMENT LOANS | LIGHT REFURBISHMENT

Outside of this criteria please contact us on 0161 710 2006 to discuss

up to

£2mloan size

up to

70%LTGDV

from

0.75%per month

1 - 12months

General Criteria

Build Costs Contribution Up to 100% available

Asset Location England & Wales

Asset TypeHouses or flats

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Re-BridgingNo

Sector ExperienceNot necessary

Charge1st charge only

Product SpecificFor loans over £500,000 the applicantmust own their own home

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REFURBISHMENT LOANSMEDIUM REFURBISHMENT Designed for the refurbishment of properties where structural changes and planning amendments may be required, and the costs do not exceed £250,000.

REFURBISHMENT LOANS | MEDIUM REFURBISHMENT

Outside of this criteria please contact us on 0161 710 2006 to discuss

General Criteria

Build Costs Contribution UP TO 100% available

Asset Location England & Wales

Asset TypeHouses or flats

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Re-BridgingNo

Sector ExperienceYes

Charge1st charge only

Product SpecificFor loans over £500,000 the applicantmust own their own home up to

£3mloan size

from

0.75%per month

up to

70%LTGDV

1 - 12months

12 13

REFURBISHMENT LOANSHEAVY REFURBISHMENT Designed for the refurbishment of properties where structural changes and planning amendments will be required, and the costs are over £250,000.

REFURBISHMENT LOANS | HEAVY REFURBISHMENT

Outside of this criteria please contact us on 0161 710 2006 to discuss

General Criteria

Build Costs Contribution Up to 100% available

LTCMax 75%

Asset Location England & Wales

Asset TypeHouses or flats

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Re-BridgingNo

Sector ExperienceYes

Charge1st charge only

Product SpecificFor loans over £500,000 the applicantmust own their own home

1 - 18months

up to

£3mloan size

from

0.85%per month

up to

70%LTGDV

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DEVELOPMENT FINANCE Designed for the experienced property developer or house builders looking to fund their next development.

DEVELOPMENT FINANCE

Outside of this criteria please contact us on 0161 710 2006 to discuss

General Criteria

Build Costs Contribution Up to 100% available

LTCMax 75%

Maximum No. of Units8 detached units or 12 flats per development

Asset Location England & Wales

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Re-BridgingNo

Sector ExperienceYes

Charge1st charge only

Product SpecificFor loans over £500,000 the applicantmust own their own home

up to

£3mloan size

up to

70%LTGDV

from

0.75%per month

1 - 18months

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SPECIALIST PRODUCTSAUCTIONDesigned for property investors looking to acquire residential houses, flats, and commercial properties, or land with planning.

SPECIALIST PRODUCTS | AUCTION

General Criteria

Asset Location England & Wales

Asset TypeHouses, flats, commercial properties and land

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Drive by ValuationSubject to Status

Sector ExperienceNo

Charge1st charge only

Outside of this criteria please contact us on 0161 710 2006 to discuss

from

0.45%per month

up to

70%LTV

1 - 12months

up to

£3mloan size

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SPECIALIST PRODUCTSREBRIDGEDesigned for Borrowers wishing to remortgage existing finance from sub-prime or private lenders.

SPECIALIST PRODUCTS | REBRIDGE

General Criteria

Asset Location England & Wales

Asset TypeHouse or flats

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Re-BridgingYes

Sector ExperienceNo

Charge1st and 2nd charge

Product SpecificFor loans over £500,000 the applicantmust own their own home

up to

£5mloan size

from

0.75%per month

up to

70%LTV

1 - 12months

Outside of this criteria please contact us on 0161 710 2006 to discuss

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SPECIALIST PRODUCTSCOMMERCIALDesigned for the purchase or re-mortgage of commercial or semi-commercial property including shops and offices.

SPECIALIST PRODUCTS | COMMERCIAL

General Criteria

Asset Location England & Wales

SecurityCommercial Premises

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Sector ExperienceNo

Charge1st and 2nd charge

Outside of this criteria please contact us on 0161 710 2006 to discuss

up to

£2mloan size

up to

65%LTV

1 - 18months

from

0.85%per month

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SPECIALIST PRODUCTSNO VALUATIONSub-60% Loan-to-Value, straightforward bridging loans on existing residential properties worth up to £1.5M, will no longer require ‘Personal Guarantees; Mint has also removed the need for an application form. The most eye-catching move, however, is the abolition of the need for a valuation.

SPECIALIST PRODUCTS | COMMERCIAL

General Criteria

Asset Location England & Wales

Asset TypesHouses and Flats

Works PermittedNo

ApplicantsAll applicant types acceptable

Credit ProfileSatisfactory explanations required for arrears, defaults and CCJ’s

Sector ExperienceNo

Charge1st and 2nd charge

RebridgeYes

Outside of this criteria please contact us on 0161 710 2006 to discuss

up to

£1.5mloan size

up to

60%LTV

1 - 18months

from

0.85%per month

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MATRIX LTV UP TO

LTGDV UP TO

RATES PER MONTH

FROMMINIMUM

AGE

TRANCHE RETENTION

RELEASE AMOUNT

PRIME BRIDGING 65% 0.65% 18 -

STANDARD BRIDGING 75% 0.75% 18 -

LIGHT REFURBISHMENT 70% 0.75% 18 £20,000

MEDIUM REFURBISHMENT 70% 0.75% 18 £25,000

HEAVY REFURBISHMENT 70% 0.85% 18 £30,000

DEVELOPMENT 70% 0.75% 18 £30,000

AUCTION 70% 0.45% 18 -

REBRIDGING 70% 0.75% 18 -

COMMERCIAL 65% 0.85% 18 -

NO VALUATION 60% 0.85% 18 -

Outside of this criteria please contact us on 0161 710 2006 to discuss

CALL US NOWT: 0161 710 2006 E: info@mintbridging.co.ukW: mintbridging.co.uk

A: Head Office: Mint Bridging Limited, Peel House, 30 The Downs, Altrincham, Cheshire WA14 2PX

Mint Bridging is a trading name of Mint Bridging Limited, Registered in England.Registered Number 07567483.

VERSION 002 I 14.01.2020