Glenhawk doubles maximum loan size to £10 million

The range builds on Glenhawk’s current residential, commercial, mixed commercial and development exit product offering.

Products are available up to 75% LTV for single and portfolio (including MUFB) residential and development exit and up to 70% LTV for commercial and mixed commercial.

The maximum term is 24 months and the maximum loan to purchase price has increased to 90%.

Nick Hilton, managing director at Glenhawk, commented: “This is a part of the market dominated by a small number of banks and specialists, where we believe our focus on service, coupled with our multiple institutional funding lines, will position us a partner of choice with a range of borrowers.

“A combination of market volatility and regulatory change has created opportunities for property professionals looking to take advantage of repositioning their portfolios. Increasing maximum loan sizes, at competitive LTVs, will allow us to help more of these professionals meet their goals and ambitions. Delivering this requires a combination of deep sector expertise, and a high conviction in property fundamentals. Glenhawk ticks all these boxes, as we accelerate towards our target of lending £1 billion annually by 2024.”