Glenhawk has announced a rate reduction across its entire bridging product range. The majority of its monthly rates have been reduced by 2 or 3 bps, but at certain LTV bands the reduction is up to 8bps.
The cuts apply across both regulated and unregulated bridging loans, including refurbishment finance. As a result, the lender’s unregulated rates now start at 0.68% per month.
The move follows a series of recent enhancements from the lender, including the introduction of a new automated valuation model (AVM) policy, allowing AVM-supported lending up to 75% LTV.
Josh Knight, managing director of sales and marketing at Glenhawk, commented: “We’ve always been keenly priced, but even more so now. This rate reduction is a signal of our intent. With market confidence returning, we are well positioned to help brokers with a broad range of bridging scenarios.
“Over the next few months, we will be making a series of further improvements to our offering, ensuring brokers continue to have access to competitive pricing alongside the service and certainty they expect from Glenhawk.”
