Glenhawk revamps regulated bridging range

Glenhawk has introduced a new, simplified regulated bridging range for borrowers looking to secure finance against their primary residence.

As part of the product refresh, the lender has introduced a higher 75% LTV band, as well as reduced interest rates across the entire range.

Glenhawk’s regulated bridging proposition — launched in October 2020 — now offers loans between £150,000-£2m on terms up to 12 months, with rates starting from 0.49% per month for its lowest LTV product.

For higher LTV options, pricing increases to 0.54% at 60% LTV, 0.56% at 65% LTV, 0.64% at 70% LTV, and 0.69% at 75% LTV.

Launched in response to stakeholder feedback, the range will be overseen by Glenhawk’s lending team and include features, such as title indemnity insurance for speed of completion and short-form valuation reports to minimise borrower costs.

This follows the lender’s strong performance in March and April, which saw the company achieve record lending volumes.

Guy Harrington, CEO at Glenhawk (pictured above), said:  “The homeowner market has remained resilient and, despite near term macro-economic pressures, the low interest rate environment and pent-up consumer savings are set to underpin robust borrower demand. 

“The increase to our maximum LTV is in direct response to this demand and a dearth of competitively priced products in the market. 

“The development of a highly attractive, simplified and low-cost offering, married with our team’s sector expertise and first-class service, has been the central plank of Glenhawk’s approach since we launched four years ago.

“Two record months of lending demonstrate the market appetite for our innovative lending solutions, and with significant institutional capital backing, this is an exciting platform supporting the next stage of our growth.”

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