Mint Bridging posts record month
Family-run bridging lender Mint Bridging completed 21 loans in a single day, contributing to a record month in March which saw it deliver 35 loans.
The Altrincham-based business said during the first three months of the year it generated an 820% increase in its loan book compared to 2015’s Q1 period.
Mint recently increased its maximum loan size to £5m; the largest loan during the month was confirmed at £3.5m.
Andrew Lazare, managing director at the lender, said: “We have grown from only a handful of employees this time last year to an 18-strong team.
“Given our size I’m incredibly proud of what we’ve achieved. “
Lazare said part of the reason the business had seen a boost was down to the recent stamp duty changes coming into effect on 1 April.
He added: “We had to work under some real pressure to get the flood of applications completed on time whilst still allowing for our lending criteria to be met on all the loans.”