Glenhawk: products, terms and eligibility

Glenhawk is a UK provider of bridging loans. The legal entity named on its site is Glenhawk Property Finance Ltd (Glenhawk is the trading name of the Glenhawk group of companies), company number 11539817. It is based in London. It is part of Glenhawk group of companies.

Glenhawk is the trading name of the Glenhawk group of companies, all registered in England and Wales with a registered office at 2nd Floor, Mutual House, 70 Conduit Street, London. Glenhawk Property Finance Ltd is the FCA-authorised entity (firm reference number 826671). The pages read give no founding date or ownership details. It says it serves brokers and their clients across the UK, and also works with borrowers directly through its borrower pages.

Everything on this page comes from what Glenhawk publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

Glenhawk publishes 4 products for UK businesses. The table above gives the amounts and terms as it states them.

• Residential bridging: Short-term loan; LTV up to 80%; no exit fee.
• Commercial bridging: Interest retained or serviced; 1st charge only; LTV up to 70%.
• Refurbishment bridging: Interest rolled; 1st charge only; can fund up to 100% of refurbishment costs.
• Regulated bridging: FCA regulated loan secured on the borrower’s home; LTV up to 75%; no exit fee.

Residential bridging

Short-term loans secured against residential property, from £250,000 to £10,000,000 over 3 to 24 months, with a maximum loan-to-value of 80%. It says the loan is used to bridge until an exit by sale, mortgage refinance or other funding. Suited to homebuyers, auction buyers, landlords, investors, homeowners bridging sales and purchases, and developers using residential equity; properties needing work can be funded.

Commercial bridging

Short-term loans of £250,000 to £3,000,000 over 3 to 24 months for buying, refinancing or restructuring commercial or semi-commercial property in England, Wales or Scotland, secured by a first charge only, up to 70% loan-to-value. Interest can be retained or serviced. It considers shops, offices, industrial units, hotels, pubs, restaurants and large HMOs, and lends to individuals, limited companies and other corporate structures.

Refurbishment bridging

Bridging for property improvements, secured by a first charge only on the property being refurbished. It says it can fund up to 100% of refurbishment costs, with the initial advance up to 75% of value for residential or 70% for commercial. Properties must be structurally sound and an exit plan (refinance, sale or another repayment source) is required at the end of the term.

Regulated bridging

FCA-regulated bridging of £250,000 to £2,000,000 over 1 to 12 months, secured against the borrower’s home or the home being bought, up to 75% loan-to-value. It warns that the home may be repossessed if repayments are not kept up. Home improvements are considered case by case where the works are mainly cosmetic or non-structural and fit within the term. A clear plan to repay or refinance at the end of the term is needed.

Glenhawk says its finance is used for:

• Buying a home before an existing sale completes
• Auction purchases with tight completion deadlines
• Refinancing or releasing capital from commercial property
• Property refurbishment
• Changing a property’s use
• Bridging a broken property chain

Sectors and business types it says it funds:

• Homebuyers, landlords, property investors and developers
• Commercial property including shops, offices, industrial units, hotels, pubs, restaurants and large HMOs

What it says it does not fund:

• Commercial and refurbishment loans are for property in England, Wales or Scotland
• Regulated bridging is not for non-residential uses
• Refurbishment properties must be structurally sound

Glenhawk publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Commercial and refurbishment loans: property in England, Wales or Scotland.
• Commercial: shops, offices, industrial units, hotels, pubs, restaurants and large HMOs considered.
• Residential: homebuyers, auction buyers, landlords, investors and developers using equity in a residential property.
• Offshore entities and layered ownership structures catered for.
• Regulated loans are available through FCA authorised intermediaries only.
• All loans are underwritten case by case.

Glenhawk describes its process like this:

1. Submit an enquiry, or for intermediaries contact the Business Development Manager, email the lending team or use the online form.
2. Receive indicative terms and accept them.
3. Underwriting starts, with valuation and legal instruction running in parallel.
4. Complete the loan.

Every application is subject to status and the lender’s own criteria at the time.

A bridging loan is short-term borrowing secured on property, used to bridge a gap until a sale or longer-term finance completes. Interest is often rolled up or retained and repaid with the loan at the end, so the plan for repaying it, known as the exit, matters as much as the property.

Lenders lend up to a share of the property’s value and will want to see that exit. Bridging costs more than long-term borrowing, so it is worth understanding how lenders differ before you compare offers.

Points Glenhawk publishes that are worth knowing:

• Commercial and refurbishment loans are on a 1st charge only.
• Your home may be repossessed if you do not keep up repayments on your mortgage (regulated loans).
• Extension and default fees may apply.
• An admin fee applies on residential and regulated loans.
• It reserves the right to change product rates and terms from time to time.

Security and guarantees

Commercial and refurbishment bridging are secured by a first charge only. Regulated bridging is secured against the borrower’s home. Its residential bridging page lists loan-to-value up to 80%, commercial up to 70% and regulated up to 75%.

Glenhawk’s site states: “Glenhawk is the trading name of the Glenhawk group of companies. These companies are all registered in England and Wales and include Glenhawk Group Limited (Co Reg: 11481088), Glenhawk Financial Services Limited (Co Reg: 10962610), GFS Invest Limited (Co Reg: 11389824), GFS 1 Ltd (Co Reg: 11387725), GFS 3 Ltd (Co Reg: 12266361), and Glenhawk Property Finance Ltd (Co Reg: 11539817). The Registered ”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of bridging loans with profiles here include Lendhub, MS Lending Group and MT Finance. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.