Amicus Property Finance halts lending

In a statement made yesterday, Mint said it is "keen to make a strategic investment in the company and will equally consider the acquisition of its entire loan book".

Mint Bridging has also offered to help Amicus by reviewing loan enquiries that Amicus cannot honour, specifically loans that require urgent attention.

Andrew Bullock, head of communications at Amicus, confirmed that Amicus Property Finance had stopped lending but said that there was "no substance" to Mint's claims of a takeover offer.

In a statement, Amicus said: "After failing to work out a deal with a suitable investor to the satisfaction of its shareholders, Amicus Property Finance will not be able to continue lending, although it will continue to support the facilities in place.

"Mint Bridging have made no formal approach to Amicus Finance plc and as such, the claims made are factually incorrect.  Amicus is taking advice on next steps."

Andrew Lazare, managing director of Mint Bridging, commented: "Mint Bridging welcomes the opportunity to talk with Amicus and discuss how they can assist them during this transition period. Mint has significant capital, a strong team of employees and advisers and can provide stability and assurance to stakeholders."