Specialist lender Glenhawk has launched new merchandise, lowered charges and promoted Jamie Pritchard (pictured) to the function of managing director of gross sales.
Glenhawk stated that it could cut back charges throughout the board, with pricing on unregulated offers starting from 0.83 per cent.
The lender has added a combined residential product for combined used belongings with over half residential use to enrich its current combined industrial product.
The agency has upped the mortgage to worth (LTV) on its regulated product to 75 per cent and elevated the utmost mortgage dimension to £2m.
Glenhawk has additionally eliminated the exit payment in its heavy refurbishment product and reopened for big loans on combined, residential and multi-unit property valued as much as £10m.
2024 will probably be a ‘massive year’ for Glenhawk
Pritchard will tackle the function of managing director of gross sales and can oversee the continued product revamp in addition to launching a number of merchandise and initiatives within the coming months.
He may even be sure that the “necessary infrastructure and internal and external processes are in place to maintain the highest standards of client service”.
Pritchard will proceed to guide the lender’s business growth administration staff (BDM) and the corporate stated that as gross sales director he had overseen a 60 per cent enhance in its mortgage guide and 53 per cent progress in its introducer community.
He has been with the agency since 2021 and earlier than that labored at Precise Mortgages for round seven years, initially as nationwide gross sales supervisor after which head of gross sales.
Before that he labored at Principality Building Society for practically six years, first as a regulated gross sales coach after which as BDM and interim head of middleman gross sales.
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.”
Pritchard added: “Our foot is firmly on the accelerator, and this overhaul of our product vary is merely a prelude to what’s gearing as much as be a game-changing 12 months 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.”
Anna is a reporter for Mortgage Solutions and assistant editor for Specialist Lending Solutions, each B2B sister titles of YourMoney.com. She has labored as a journalist for over 4 years, initially within the specialty insurance coverage sector earlier than transferring onto mortgages.
