January’s Bridging Loan Overview


Loan Eligibility & Rate Check

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2020 has seen Mint Bridging’s speed team start Q1 with an influx of loans drawn down. From competitive rates to no valuation offerings we are funding more clients than ever before.

Small Selection of January’s Bridging Loans

Reading

Purpose of Loan: Property Purchase
Loan Amount: £156,000
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

More Info

To fund a residential property purchase. The developer has planning to convert the property into a HMO which they will fund from their own funds.

Croydon

Purpose of Loan: Refinance
Loan Amount: £1.7M
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

The developer is partway through a commercial development for which they needed to refinance in order to complete the construction of the reamining units.

Liverpool

Purpose of Loan: Purchase Property
Loan Amount: £146,000
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

Funds are being used to acquire a residential property which the borrower will then be converting into a 6 bed HMO.

London

Purpose of Loan: Purchase & HMO Development
Loan Amount: £298,000
Term: 9 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

The brrower requires the funds to purchase a 7 bedroom guest house. Once complete they will be converting the property into a 7 bedroom HMO.

2020 has seen Mint Bridging’s speed team start Q1 with an influx of loans drawn down. From competitive rates to no valuation offerings we are funding more clients than ever before.

Development Examples

Walsall

Purpose of Loan: Refinance
Loan Amount: £1.7M
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes
Loan Snap Shot



Case Details

The developer is partway through a commercial development for which they needed to refinance in order to complete the construction of the reamining units.

Croydon

Purpose of Loan: Property Purchase

Loan Amount: £298,000
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes
Loan Snap Shot

Case Details

The brrower requires the funds to purchase a 7 bedroom guest house. Once complete they will be converting the property into a 7 bedroom HMO.


Loan Eligibility & Rate Check

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