Founded in 2018, Glenhawk is a non-bank lender specialising in short-term finance, such as regulated and unregulated bridging loans.
The company has been established with the will to offer more transparent and customer-focused lending solutions in the UK’s property market.
In this review, I will take a closer look at Glenhawk, detailing their bridging financing key features, eligibility criteria, rates and reviews to help you decide if this is the right lender for your needs.
Glenhawk Bridging Loans Overview
Glenhawk offers a range of unregulated bridging loans from £100K to £10M for both refurbishment residential and commercial needs.
Key Features Include
- Bridging loans from £100K up to £10M, with up to 75% LTV available
- 1st and 2nd charge loans
- Rates start from 0.87% per month for terms from 3 to 24 months
- No early repayment charges
- Interest can be rolled, retained or serviced
- Title insurance available
- Dual legal representation is available
- Short-form valuation reports
Glenhawk has an overall good reputation. The lender makes the whole application process easy, and their product guide is clear and transparent, explaining every criterion and range in a simple way.
What are the Eligibility Criteria for a Glenhawk Bridging Loan?
Glenhawk Applicant Criteria
| Criteria | Value |
|---|---|
| Minimum Age | 21 |
| Maximum Age | 80 at Maturity |
| Nationality | UK & EEA Nationals With 3 Years Residential History. |
| Gifted Deposits | ✅ |
| Adverse Credit | Can be Considered |
Glenhawk Loan Criteria
| Criteria | Value |
|---|---|
| Minimum Loan Term | 1 Month (Regulated) / 3Months (Unregulated) |
| Title Insurance | On Loans up to £1.5M |
| Location | England, Wales & Scotland |
| LTV | Calculated Against Open Market Value |
| Interest Charged | Daily Rate |
Glenhawk Property Criteria
| Criteria | Value |
|---|---|
| Construction Type | Every Standard Construction Type is Accepted |
| New Build Warranty | For Properties Built Within the Last 10 Years |
| Search Indeminity | ❌ |
| Re-Bridges | Can be Considered |
Application Process for Glenhawk Bridging
The application process is pretty straightforward and starts with filling out a full enquiry form.
Once the form is complete, you can send it out to regulated@glenhawk.com and expect an answer from your dedicated underwriter within 24 hours. They will guide you through the next steps.
Glenhawk Bridging Rates
| Loan Type | Rates | Max. LTV | Min – Max Loan |
|---|---|---|---|
| Refurbishment | From 0.97% | 75% | £250,000 – £5,000,000 |
| Residential | From 0.94% | 75% | £100,000 – £10,000,000 |
| 2nd Charge | From 1.17% | 70% | £100,000 – £5,000,000 |
| Commercial | From 1.03% | 70% | £100,000 – £10,000,000 |
| Regulated | From 0.87% | 70% | £150,000 – £2,000,000 |
Glenhawk Reviews & Ratings
Glenhawk’s online presence is really limited. The company does not have a Google profile and doesn’t gather any reviews on Trustpilot or Feefo.
Therefore, it is tricky to form an opinion on the lender’s reputation, apart from what I’ve heard while working in the industry: Glenhawk seems to have an advantageous fee structure and a competent team who can be trusted to get back to you quickly and help you solve any issue you may encounter.
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Glenhawk FAQs
What range of projects can Glenhawk’s bridging loans cover?
Glenhawk’s bridging loans cater to property developers looking to refurbish or transform existing properties. They can be used for various projects like converting a house into a block of flats or renovating an old barn for investment purposes. However, Glenhawk does not lend for ground-up developments.
What assets does Glenhawk consider for bridging loans?
Glenhawk has a regulated bridging loan product for borrowers looking to secure finance against their primary residence. This marks Glenhawk’s entry into the UK homeowner loan market, showing a willingness to lend against residential assets.
How quickly can funds be provided by Glenhawk?
Glenhawk prides itself on being able to provide funds within days, addressing the urgency often associated with bridging finance.
What sets Glenhawk apart from other bridging loan providers?
Glenhawk emphasises ethical practices, aiming to create long-lasting relationships rather than one-off deals. They also boast competitive market-leading rates, transparent communication, and a flexible, case-by-case approach to every client and loan.
Is there a possibility of early loan redemption with Glenhawk, and are there any fees associated with it?
Glenhawk allows for early redemption of the loan without any fees, which can be beneficial for borrowers who manage to secure their main funding source earlier than anticipated.