Case study: Middleton, Manchester
Project completed: November 2019
This week’s featured property is a superb auction purchase and refurbishment project.
The Developers were in need of fast access to funds to purchase the property at auction plus additional funds for light refurbishment works including a new kitchen, boiler, electrical rewiring and decorating throughout.
Concerns around the property’s close proximity to a disused mine shaft meant other lenders were delaying on a decision but Mint’s thorough underwriting process meant the loan was approved with £112,500 on a first charge over 12 months term ready for drawdown within 12 working days.
The Developers’ experience has seen them complete the project way ahead of schedule and the property is now on the market for an asking price of £219,950.
More and more developers are turning to Mint Bridging for auction finance, speak to us today regarding your funding needs and to understand why our clients love working with us. With no restrictions on the level of experience required and extremely competitive rates, Mint Bridging are one of the most flexible lenders in the UK.
Do you need Auction or Development Finance? Talk to the Mint Bridging team today: 0161 710 2763
Alternatively, submit an Eligibility Check and find out what you could borrow.