Glenhawk launches free client valuations

By Bridging Loan Directory 12th October 2020

Glenhawk, the fast-growing UK challenger lender, announces the launch of its free valuation offering, its latest client-centric initiative focused on reducing the cost of, and simplifying, the borrowing process.

Alongside not charging admin, exit or extension fees, it continues Glenhawk’s commitment to providing borrowers with a single and transparent pricing structure.

Glenhawk has continued to grow the loan book and seen exceptional demand for its short-term lending products since the outbreak of the Covid-19 pandemic.

In September it generated £159 million of new loan enquiries, its second best month in 2020, following a record £178 million in August, as favorable government stimulus, including the stamp duty holiday, alongside the ongoing retrenchment of high street banks from the sector, underpinned borrower interest.

Having announced a senior funding line with J.P. Morgan in March to support its entry into the c. £70 billion per annum UK homeowner mortgage market, Glenhawk has been significantly growing its headcount to support its expansion plans.

In September it announced the appointments of Andrew Townsend as Chief Financial Officer and Ryan Benton as Finance Director, further strengthening the Company’s finance function.

It followed the recruitment of Joan Drummond as Head of Collections and Andreea Negroiu as Treasury Associate in July, taking the number of employees past 30.

Guy Harrington, pictured, Founder and Chief Executive Officer of Glenhawk, 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, allowing us to maintain our loan book growth and generate consistent levels of new borrower enquiries, despite the unprecedented economic backdrop.”