The specialist property finance lender completed 11 loans during the period, with an average loan size of £823,000 at an average rate of 0.86%.

Glenhawk said that the appetite for short-term lending showed no sign of slowing – despite the uncertainty of Brexit – as it received over £75m of enquiries in November.

Guy Harrington, CEO and founder, said: “The whole team at Glenhawk has worked their absolute socks off all year, this month has been a record for us.

“The most important thing for us has been not to rush to build up a ‘bad’ loan book.

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“We’ve taken our time, worked with the best professional partners and brokers in the industry and made great progress.

“It really just shows that if you treat your clients fairly, are transparent with fees and pricing, then you can make positive change across an industry which arguably needed it.

“I’d like to thank everyone who has joined us this year on the journey and for putting trust in Glenhawk.”

Paul McFadyen, managing director at Glenhawk, added: “From a standing start in January we have hired fast and recruited some exceptional talent, resulting in a highly motivated team and month-on-month loan book growth.

“Key for us have been the solid foundations and infrastructure put in place during the year, which will allow us to scale swiftly and responsibly in 2019.”