Glenhawk has launched a new regulated bridging range, for borrowers looking to secure finance against their primary residence.
It has introduced a higher 75% LTV band, as well as its lowest ever interest rate of 0.49% for its lowest LTV product.
Acceptable loan sizes are from £150,000 to £2 million and, as it is a regulated bridging loan, the maximum term length is 12 months.
Glenhawk has reduced all interest rates across the entire regulated bridging range, with the new 75% LTV at 0.69% rate, 70% LTV at 0.64% rate, 65% LTV at 0.56%, and 60% LTV at a rate of 0.54%.
The range includes features such as title indemnity insurance for speed of completion and short form valuation reports to minimise borrower costs.
Guy Harrington (pictured), CEO of Glenhawk, 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.”