Mint Property Finance has reported a strong first half of 2023, including an increase in average deal value.
From January to June, the average recorded deal size was £365,806, compared to a full year average of £336,679 for the full year in 2022.
As well as this, average enquiries are up 8% based on the same period from 2022, showing an increased demand for funding despite challenging economic conditions.
In total, the 2,473 enquiries for the half year culminated in applications worth £154,286,140.
The period saw a 52% / 48% bridging loan to development loan split, as risk-averse Borrowers avoid large volumes of heavy refurbishment deals.
The largest completion in the period was a bumper deal for £3,000,000, and the quickest completion was a bridging loan turned around in just five days.
If you are in a position to make an enquiry, please contact us to discuss your requirements further: 0161 710 2006 or hello@mintpf.co.uk.
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