Bridging
Glenhawk launches free legal and survey incentive
Glenhawk will pay legal and surveyor fees on behalf of its clients for the next three months.
The bridging lender launched at the beginning of the year with an initial £30m of capital to lend.
Earlier this month it announced it had secured a £75m funding line from Shawbrook Bank and a leading global asset manager to support its loan book growth.
Glenhawk CEO Guy Harrington (pictured) 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.
“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,” he added.
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The company, which launched less than nine months ago, currently pays brokers up to a 2% commission fee and does not charge any admin fees, exit fees, early repayment or extension fees.
The lender has built a 15-strong team with rates starting at 0.69% per month and typical loans ranging from £300,000 to £3,000,000.