Mint Property Finance, the specialist finance lender, has reported a record-breaking number of enquiries for Q1 2023, with 1,475 enquiries received between January and March, a 15% year-on-year increase. This resulted in £88,789,534 worth of applications being progressed.
The lender experienced a rise in applications from direct borrowers as it continues to expand its market share.
The quarter saw a 53% to 47% split between bridging loans and development loans, as developers became more cautious about financing complex sites in Q4 2022.
Andrew Lazare (pictured), managing director of Mint Property Finance, said: “Whilst the market remains cautious in certain areas, demand is on the rise and I’m proud to say that Mint Property Finance has made firm strides into 2023 with a 15% increase in enquiries in Q1 leading to another record-breaking period.”
He added: “Unlike other lenders we’re in a strong position to continue to weather the slight economic tumult, with five robust funding lines ensuring that we can lend not just now, but into the future.”
Mint Property Finance also completed a standard bridging loan in just five days, setting another record for the company.
