Newly launched lender Glenhawk has announced that for the next three months it will be paying legal and surveyor fees on behalf of its clients.
This follows on from the recent news that it had secured a £75 million funding line from Shawbrook Bank and a leading global asset manager to support its loan book growth.
Guy Harrington, CEO of Glenhawk, said: “We have a completely client centric philosophy; through a combination of the team’s real estate and finance backgrounds, we understand transparency and honesty are absolutely key for any borrower.”
The company, which launched less than nine months ago, currently pay brokers up to a 2% commission fee and does not charge any admin fees, exit fees, early repayment or extension fees.
Glenhawk’s rates start at 0.69% per month, with typical loans ranging from £300,000 to £3,000,000.
Harrington added: “By offering to pay our client’s legal and survey fees, it means in partnering with us, our clients will incur absolutely no hidden or additional costs aside from our monthly interest rates.”
Harry Hill, Glenhawk non-executive director and Rightmove founder, said: “What attracted me to Glenhawk was the ambition to do things differently and already I can see that, through its level of service and innovative fee structure, Glenhawk is setting a new standard for the industry.”