Guy Harrington

Glenhawk introduces free client valuations




Glenhawk has announced it is now offering free valuations.

This is part of the specialist lender’s latest client-centric initiative to reduce costs and simplify the borrowing process.

In addition, Glenhawk will not be charging admin, exit or extension fees.

The company has continued to grow its loan book, and has seen high demand for its short-term lending products since the Covid-19 outbreak.

It generated £159m of new loan enquiries in September, its second best month in 2020, following a record £178m in August.

According to the lender, this is a result of government stimulus, including the stamp duty holiday, alongside the ongoing retrenchment of high street banks from the sector.

Guy Harrington, founder and CEO at Glenhawk (pictured above), said: “Our commitment to being an ethical lender has been the bedrock of our approach since we set out to disrupt the short-term lending market in 2018, and has been key to differentiating ourselves within the market.

“[This allowed] us to maintain our loan book growth and generate consistent levels of new borrower enquiries, despite the unprecedented economic backdrop.”

Glenhawk has continued its success, after it agreed a £200m senior funding line with JP Morgan, aiming to grow its UK loan book to £200m by the end of 2021.

In September, Glenhawk expanded the team by appointing Andrew Townsend as chief financial officer and Ryan Benton as finance director.

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