Glenhawk has cut rates across its entire bridging finance product range with effect from today, with reductions of up to 8bps at certain LTV bands and most products seeing cuts of 2 to 3bps per month.
The changes cover both regulated and unregulated bridging loans, including refurbishment finance, and apply across all asset classes. As a result, the lender's unregulated rates now start at 0.68% per month.
The repricing follows a run of recent product developments at Glenhawk, including the launch of a new automated valuation model (AVM) policy that allows AVM-supported lending up to 75% LTV.
While the cuts apply across the board, Glenhawk says it has seen a rise in case-specific enquiries spanning developer exit finance, commercial and mixed-use acquisitions, heavy refurbishment projects and time-sensitive transactions.
"We've always been keenly priced, but even more so now," said Josh Knight, managing director of sales and marketing at Glenhawk (pictured). "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."
