"With rates stabilising, more investors are looking to deploy capital and unlock value from the UK’s resilient residential market and we have reacted quickly"
- Jamie Pritchard, managing director of sales
Glenhawk has overhauled its regulated and unregulated product range, including reducing rates across all products.
Product changes include reduced rates across the board, with pricing on unregulated products starting from 0.83%. Glenhawk has also launched a mixed residential product (for mixed use assets with more than 50% residential) to complement its existing mixed commercial product.
The LTV on its regulated product has increased to 75% and the maximum loan size has increased to £2 million. Glenhawk has removed the exit fee on its heavy refurb product and reintroduced large loans on mixed, residential and multi-unit property valued up to £10 million.
To support its 2024 growth ambitions, Jamie Pritchard has been promoted to managing director of sales. Alongside overseeing the ongoing product revamp, Jamie will be responsible for the launch of several new products and initiatives planned for the coming months and will also continue to lead Glenhawk’s team of business development managers.
Jamie Pritchard commented: “Our foot is firmly on the accelerator, and this overhaul of our product range is merely a prelude to what is gearing up to be a game-changing year for the business. With rates stabilising, more investors are looking to deploy capital and unlock value from the UK’s resilient residential market and we have reacted quickly, with the changes made having already been incredibly well received.”
Guy Harrington, CEO of Glenhawk, added: “This well-deserved promotion comes ahead of what is going to be a massive year for Glenhawk. Having doubled our fund capacity, we can accelerate our lending ambitions and continue to innovate in response to client demand, including moving into more niche products and refining our green lending strategy.”
