They will join the lender's portfolio management
Specialist lender Mint Property Finance has further strengthened its team with the appointment of Ian Jones and Mike Chatten.
Bringing over 40 combined years’ mainstream banking and development expertise, both join the lender’s portfolio management team, a specialist department dedicated to overseeing the progress of every loan underwritten within the business.
Jones, a qualified chartered corporate banker, joins from Arbuthnot Latham & Co, with over 15 years of experience funding an array of residential projects from single ground-up developments to residential housing developments of up to 30 units.
Chatten, a qualified chartered institute banker, has over 25 years of relationship management expertise and joins from Barclays. He has also worked at Natwest and Co-op.
The new hires will report to credit risk manager Peter Howarth, and work on the portfolio management team’s development arm.
Speaking on the appointments, Andrew Lazare (pictured), founder and managing director at Mint Property Finance, said he was pleased to welcome Jones and Chatten to the business.
“Both have impressive career histories in mainstream banking and specialist finance,” Lazare noted. “They’re fantastic additions to the team and already making their mark.”
Lazare related that when Mint moved into refurbishment products, it didn’t take long for them to identify the key differences between bridging and development finance.
“What we also realised is that few specialist finance companies really understand it, so we brought in Pete from NatWest’s property investment division, to help us bolster our strengths in the sector,” he added. “That was in 2017, and five years on, I’m proud to say our development and bridging portfolio management team is now one of the strongest in the market, boasting over 150 combined years’ expertise.
“The team’s experience, working in banking environments where processes and procedures are incredibly tight, is invaluable and exactly the operating principles we apply to our loans, to ensure success.”