Mint Bridging launches valuation-free loan for April

The deal is available for borrowers looking for loans up to the value of £400,000, until 30 April.

The product requires no valuation, has a maximum loan-to-value of 50 per cent and a rate of 0.89 per cent. There is no exit fee for loans over £100,000.

Sinead Moynihan (pictured), head of sales at Mint Bridging, said: “After carefully reviewing the marketplace, in light of Covid-19, we felt that there was a need for a product that met the unique demands of this crisis.

“The new product that we’ve brought to market allows people to adhere to the current stay home policy, as no valuation is needed, and all necessary legal work can be done remotely, for example, through video conferencing.

“It provides a workable solution for those struggling to find funds, and we hope will allow many to continue to work and maintain business during this difficult time.”