Glenhawk launches free client valuations
Glenhawk, the specialist property lender, announces the launch of a free valuation offering, its latest initiative focused on reducing the cost of, and simplifying, the borrowing process. It follows last September’s offer to pay for clients’ legal and surveyor fees, continuing Glenhawk’s disruption of the rapidly growing short term lending market.
Harry Hill, non-executive director at Glenhawk, commented:
“Since its inception, Glenhawk has tirelessly maintained a client-centric philosophy, an approach that has been the bedrock of the team’s fantastic achievements to date. This latest initiative is part of Glenhawk’s commitment to providing single and transparent fee and pricing structures as it continues to set a new standard for the industry.”
Glenhawk has enjoyed a strong start to 2019, originating a record £200 million of enquiries. The strategy for the remainder of H1 includes achieving FCA regulation, which will allow it to diversify its product range, whilst also attracting new funding sources as it targets over £100 million of lending. As part of its growth ambitions the 20-strong team recently relocated to a new office in Mayfair, which is almost double the size of the previous office with space for up to 40 staff.
Guy Harrington, pictured, CEO of Glenhawk, added:
“Despite broader macro uncertainty caused by the ongoing inability of our political leaders to put the interests of the country ahead of their own personal and party agendas, we continue to see demand from a broad range of property professionals for swift, bespoke funding solutions. Our core focus remains residential property in London and the South East, a market that our team is deeply embedded in with a track record of transacting over £500 million.”
To date, Glenhawk has lent more than £50 million, totalling 80 loans, 67% of which were or are secured against residential assets and 22% mixed and commercial assets. Geographically, 55% of the loan book has been or is exposed to Greater London.