Mint launches separate development and bridging teams
Mint Bridging has separated its development lending department and its traditional bridging offering into two distinct teams.
"We felt that the time was right to create differentiated offerings for the two different types of lending, "
The new development team is staffed by development underwriters and supported by an expanded portfolio management team, overseen by credit risk manager, Peter Howarth.
Mint also announced plans to launch a new bridging product offering in the coming days.
Andrew Lazare, managing director at Mint Bridging, said: “As we looked at our progression as a business and our recruitment over recent years of some very experienced and impressive staff, we felt that the time was right to create differentiated offerings for the two different types of lending, thereby providing our broker partners with greater clarity.
“Many lenders mix together development and traditional bridging into one team but we felt that it would be better to provide a structure which allowed each of our staff to concentrate on one, rather than both of these areas of lending given that they are so very different. We are very excited about being able to provide a bespoke service.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
FCA
FCA announces new measures to support growth of mutuals sector