Specialist finance lender Mint Property Finance has streamlined its legal procedures, positioning the business in line with the industry’s fastest lenders.
Under the business’s new guidelines, Mint Property Finance’s hand-picked panel of solicitors now has the option of an increased use of Title Insurance to progress an application, significantly reducing the time and cost to borrowers.
The new process is eligible for freehold or leasehold kerbside properties, including auction purchases that aren’t subject to significant works, and therefore fitting within the business’s Standard Bridge and Light Works products.
Loans will be subject to a maximum of £500K and properties located in England and Wales.
Andrew Lazare (pictured), founder and managing director of Mint Property Finance, said: “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.
“We’re here to help borrowers, brokers and other professional introducers alike, and this is just one more step along the way.”
The development is the latest in a series of new measures from Mint Property Finance to meet the evolving needs of the market, including the expansion of its portfolio management team and launch of a new commercial bridging product.
Providing Mint Property Finance with the Perfect Title policy that supports the specialist finance lender’s loans is Westcor International.
Christopher Taylor, corporate development director at Westcor, added: “We’re proud to have provided support to Mint Property Finance from inception and have enjoyed being part of the business’s impressive journey.
“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.”
