Mint Property Finance has brought an 85% LTV bridging loan to market.

The new product’s rate start at 0.40% and it is available on loans from £75,000 to £2.5m for up to 12 months.

Further changes to the lender’s product line-up include minimum terms being removed and no valuation or personal guarantee being required for loans at up to 65% LTV and the maximum LTV for foreign nationals being upped to 75% LTV.

Mint Property Finance managing director Andrew Lazare says: “We believe that borrowers with a proven track record and experience ought to be able to borrow more money from us without us having to seek additional security from them.

“Provided the exit strategy is sound, we are able to now offer enhanced, market-leading loan to values.”