Glenhawk has revamped its unregulated and regulated product range, including reducing rates.
In addition, Jamie Pritchard has been promoted to the position of managing director of sales. Alongside overseeing the ongoing product revamp, Pritchard will be responsible for the launch of several new products and initiatives planned for the coming months, whilst also ensuring the necessary infrastructure and internal and external processes are in place to maintain service standards.
Pritchard will continue to lead Glenhawk’s growing team of business development managers.
Product changes introduced since the start of 2024 comprise:
- Reduced rates across the board, with pricing on unregulated products starting from 0.83%
- Launched a mixed residential product (for mixed use assets with more than 50% residential) to complement the existing mixed commercial product
- Increased the LTV on its regulated product to 75%, and increased the maximum loan size to £2 million
- Removed the exit fee on its heavy refurb product
- Reopened for large loans on mixed, residential and multi-unit property valued up to £10 million.
Pritchard said: “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.”
