"We felt that the time was right to create differentiated offerings for the two different types of lending, "
Mint Bridging has separated its development lending department and its traditional bridging offering into two distinct teams.
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.”