Glenhawk lowers rates across regulated bridging range
By Tara SammonsGlenhawk has cut monthly rates across its regulated bridging product range by up to three basis points.
Section: Products
The 75% and 70% LTV product will now be available at 0.69% monthly rate, with the 65%-50% LTV range at 0.61% monthly rate (reduced from 0.64%).
These are now the lowest rates ever offered by Glenhawk across its regulated range.
In addition, Glenhawk will also offer second-charge bridging loans on its regulated prime product, capped at 70% LTV; these have been introduced to complement first charge loans in chain break scenarios.
Nick Hilton, managing director and co-founder of Glenhawk (pictured above), commented: “Despite broader macro volatility, downward trending interest rates have driven improved sentiment, which is underpinning growing appetite from borrowers looking to invest in their primary residence.
“Our unique funding structure means we are able to be more competitive than nearly all of our competitors, while providing borrowers and brokers with the certainty that transactions can be financed to support a critical refurbishment or exit within their required timeframes.”
Keywords: Glenhawk regulated bridging rates, bridging finance rate cut, primary residence loans, 0.69% monthly rate, 0.61% LTV rate reduction, lowest Glenhawk rates, second-charge bridging loans, regulated prime product, chain break scenarios, Nick Hilton Glenhawk, competitive funding structure, borrower sentiment boost