Mint Bridging has simplified its application process.
The lender has removed the need for a would-be borrower to have both a personal guarantee and to supply an application form on loans below 60 per cent LTV on residential properties valued at up to £1.5m.
Mint Bridging has also done away with the need for a borrower to have a valuation completed if the funds are required in under one week.
As well as simplifying the application process, the lender has introduced a range of 60 per cent LTV products. The deals are assessed on a case-by-case basis, with rates starting at 0.79 per cent.
Mint Bridging managing director Andrew Lazare says: “For this type of lending our intermediary partners and borrowers particularly value a speedy, slick, cost-effective process.
“We have listened to their needs and are pleased to be able to make these criteria changes to allow us to launch this new product.”
Recently, Mint Bridging announces that intermediates looking to place a short-term loan will enjoy direct access to underwriters.