Glenhawk has launched a new two-year property investment product.
It says the product has been launched in direct response to market feedback, as existing lenders pivot towards longer-term products as rising interest rates impact funding costs.
Key features include:
- Maximum loan size: £3 million
- Up to 70% LTV for commercial, mixed commercial, and MUB / HMO assets
- Maximum term: 24 months
- No ERCs or prepayment fees
This follows the increase in its maximum bridging loan size to £10 million, announced in September.
Glenhawk is targeting borrowers who plan to acquire or refinance, income producing, commercial real estate assets, or specialist residential assets (including MUFB or HMO).
Michael Clifford (pictured), commercial director at Glenhawk, said: “Diversifying our product range in response to market demand is central to the delivery of our £1 billion annual lending target. With lenders switching focus to longer-term products, a general tightening of lending criteria and increased pricing, we feel now is the right time to launch a property investment product.
“It will support borrowers who do not wish to tie themselves into significantly higher priced long term products that may also come with ERCs or prepayment fees.
“Crucially, we have the certainty of funding in place to offer professional investors a competitively priced product, with the flexibility to match their short to medium term investment strategies.”
