MPF Reviews 3

Must avoid this company
They advanced £341669 for their mode of operation, finding some silly mistake that is not connected with anything do with loan . My garage work was not done( i sent photos of work etc no additional work was suggested, I Had HMO license sent 2 tenants from another property, and informed the Mint . After One week they inspected the property and default loan within 1 week they gave my property to LPA, they lied in the legal letter, they demanded £50417 more on top of retained interest and charges £ 48331
i re housed tenants to other property and spent lot of money for legal bill later i paid £13000 more and got my property back . now i am proceeding with litigation / complaint to various authorities etc. This company is not regulated by any professional body. No ethics/ no values, no reply to complaints etc.

Be very careful with this firm.

Read the paperwork with care, they will say that they will lend money to you if you sign the contract.

Then once you have signed the agreement - refuse to lend money and charge you thousands of pounds.

Be carful this company has very surprisingly high redemption statement when you are existing their loan. I have personally very bad experience with mint bridge finance I existed their Loan with 18% higher than Gross loan. I have a gross loan of £80.5k for a property in Sheffield from this company for 12 months terms however by exist and completion on refinance they submitted a redemption amount to close the loan account of £94k although all interests of 12 months for interest only loan have been paid in advance on returning amount. Only 2 months interest shall be add to redemption due to delay on completion. They claimed interest for those 2 months only £3703 is about 4.6% for 2 months of March & April 2023. The expected Gross loan to be redeemed is £80.5k loan
is gone higher to be £94k. They claim £14k fees for only £80k loan. I just Closed their account, paid the loan off as per redemption statement of 94k for a gross loan of 80.5k. You have to be aware they have management fees of £2.4k and if you need extension on bridge term they will charge you again 2.4k. I will never make business with them again and don’t recommend them to any bodyg.