London, 18th September: Glenhawk, the recently launched specialist UK property lender, announces that for the next three months, it will be paying legal and surveyor fees on behalf of its clients.
It follows on from last week’s announcement that it had secured a £75 million funding line from Shawbrook Bank and a leading global asset manager to support its loan book growth, through the provision of fast and flexible short-term lending solutions for a diverse range of residential and commercial property professionals.
Guy Harrington, CEO of Glenhawk, commented: “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.
“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,” added Guy.
Glenhawk Non-Executive Director and Rightmove founder Harry Hill commented: “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.”
With a 15-strong team, Glenhawk’s rates start at 0.69% per month, with typical loans ranging from £300,000 to £3,000,000.
Richard Sunderland / Richard Gotla
020 3727 1000
Glenhawk provides swift, competitive short-term property finance, allowing clients to realise opportunities and progress developments. With a senior leadership team deeply entrenched in the real estate and financial sectors, Glenhawk has a unique understanding of its clients’ challenges and offers a simple, flexible approach that makes it the long-term partner of choice for short-term property finance.
Founded in 2017 by long-term developer Guy Harrington, CEO, Glenhawk is also led by Managing Director Paul McFadyen, former UK Managing Director of Regis Group, and Director of Lending Nick Hilton, who has a background in asset management and bridging loans, having leant over £300m since 2008. Non-Executive Director Harry Hill also contributes his experience as a founder and chairman of Rightmove and CEO of Countrywide.