Guy Harrington

Glenhawk on track to lend £100m by end of 2019 following record quarter

Glenhawk has reported that it completed £24.6m of loans in Q3 2019.

The figure represents the bridging lender’s strongest quarter since launching last year and an increase of £21.3m compared with Q3 2018.

Glenhawk attributes this growing demand, at a time of political uncertainty, to low prices and favourable borrowing costs. 

Guy Harrington, CEO at Glenhawk (pictured above), claimed that the scale of its growth and being on track to lend over £100m within two years of launching was a phenomenal achievement. 

“We have an exceptionally talented Glenhawk team that helped us in delivering our record Q3 figure, and we expect this momentum to continue into Q4. 

“The strong demand we are seeing for short-term bridging products reflects both the increasing acceptance of the role that non-bank finance can play in the real estate ecosystem, as well as the opportunities for borrowers in this low-price, low-rate environment.

“We continue to explore new opportunities to replicate our success to date in other sectors, while remaining committed to responsible and diligent underwriting.”  

Glenhawk’s Q3 results saw 25 new loans originated, at an average size of approximately £950,000 and generated £190m of enquiries.   

Since launching in January 2018, Glenhawk has lent over £80m.

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