Record month of lending for Glenhawk

By: ameer@trustedteam.com

Glenhawk reports a record month of lending in May, providing £54m of short-term finance. This represented a 47% increase on the previous record month and a 34% increase in enquiries in May versus April.

According to the Association of Short Term Lenders, bridging lenders transacted a record £278.8m in bridging loans during the first quarter of 2023, a 30% increase on the previous record (£214.7m in third quarter 2022) and a 68% jump on fourth quarter 2022 (£166.3m).

Glenhawk chief executive Guy Harrington comments: “Whilst the backdrop is requiring us to remain highly disciplined in our underwriting, our certainty of funding, increasing breadth of products and depth of broker relationships has seen us buck wider market trends and increase our market share.”

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