Lender's aim to be among industry's fastest
Lending specialist, Mint Property Finance has streamlined its legal procedures in a bid to position itself as one of the industry’s fastest lenders.
Under new guidelines, Mint’s panel of solicitors now has the option of an increased use of title insurance to progress an application, reducing the time and cost to borrowers.
The process is eligible for freehold or leasehold kerbside properties. This includes auction purchases which aren't subject to significant works, fitting within the business’s Standard Bridge and Light Works products. Loans will be subject to a maximum amount of £500,000 and properties located in England and Wales.
“With 11 years of successful lending under our belt we're now at the successful stage whereby we are comfortable to embrace the more fully encompassing role of title insurance,” said Andrew Lazare, founder and managing director of Mint Property Finance. “We're here to help borrowers, brokers and other professional introducers alike, and this is just one more step along the way.”
The decision to streamline the legal process builds on Mint’s previous efforts to meet the evolving needs of the market. It also recently expanded its portfolio management team and launched a new commercial bridging product.
Mint’s new process is supported by Westcor International’s provision of its perfect title policy.
“We’re proud to have provided support to Mint Property Finance from inception and have enjoyed being part of the business’s impressive journey,” commented Christopher Taylor, corporate development director of Westcor International. “We have seen how the Perfect Title policy has been utilised in specific areas of the business for the benefit of all stakeholders and are delighted to see those benefits now made available to a wider audience. We’re pleased to provide ongoing support to Mint Property Finance as the business continues with its next phase of expansion.”
