Glenhawk eyes term lending

Glenhawk eyes term lending

Glenhawk has revealed that it will be launching term lending next year as it looks to continue its expansion.

Speaking at a recent industry event, Guy Harrington, CEO at Glenhawk, said it would be releasing homeowner mortgages and later-life products.

Guy discussed the plans during a FIBA panel debate looking at the impact of regulation on the bridging market.

Guy said that he was a fan of regulation and explained the lender’s plans for the new year.

“I think it composes structure, it cleans out the market and leaves the best people standing.

“We are going into term products next year and to homeowner mortgages and end-of-life products and so on.

“We will embrace regulation and I am a fan of it, but when it is done in the right way.

“Not on investment properties, but in the right sector at the right time, I’m all for it.”

Last month, Glenhawk secured a £75m funding line from Shawbrook Bank and a global asset manager to allow it to grow its loan book.

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