The change in name reflects the company’s concentration on the alternative property finance sector, which has proven to be the major growth area in the business over the last few years, led by the performance of its wholly owned subsidiary, Sancus Group Holdings.

“The rebrand of GLI to Sancus and the subsequent concentration on our core business of property finance comes at a time when we are seeing a very vibrant, active and buoyant property market across all our jurisdictions, particularly in the UK and Ireland, where there have been sizable increases in demand for residential housing, supported by a range of government initiatives,” said Andrew Whelan, CEO at Sancus Lending Group (pictured above).

•   BTL lenders that make ample ESG headway will have a 'huge competitive advantage' in next two years
•   A glimpse into how the specialist finance industry is working from home, with BDMs 'most affected'
•   Specialist lenders urged to consider action early on underperforming or default loans due to 'backlog' of possession claims

Sancus specialises in bridging and development finance from £500,000 to £10m-plus throughout the UK, Ireland, Jersey, Guernsey, Gibraltar and the Isle of Man, with a niche in dealing with more complex lending proposals.

In addition to its own proprietary capital, its funding sources include a £75m credit facility with Honeycomb Investment Trust; the Sancus Loan Note Programme; and Sancus co-funders, such as private clients, high-net-worth individuals, family offices, trusts and institutions.

“We’re delighted to be supporting a number of schemes focused on the changes in ‘working from home/office’ hybrid models brought about post-pandemic,” Andrew added.

“We have also seen an increase in activity in the big cities and are providing finance to some large urban projects in the Midlands and North West of England — as well as Dublin, Ireland.”