MCI Mortgage Club has added bridging lender, Glenhawk, to its panel to give its members more choice for clients seeking short-term property finance.
Glenhawk lends on residential, commercial and semi-commercial property, refurbishment and conversions as well as second charge with rates starting from 0.65%. Loans are available from £250,000 to £5m on all unregulated products.
Last October, the bridging lender began lending on regulated products with loans ranging from £150,000 to £1.5m, and rates from 0.59% to 0.89% per month.
Launched in 2018, Glenhawk lends predominantly in the South East but is spreading north, with the latest partnership with MCI expected to help its ambition to expand. Earlier this year, Glenhawk ventured into Scotland with a £2m bridging loan on a high value residential property.
Glenhawk director of sales, Jamie Pritchard, commented: “We are keen to expand our geographical reach and lend throughout England, Wales and Scotland. Teaming up with MCI will help us to reach more brokers and clients and we look forward to working with its members.
“We pride ourselves on being very flexible and deal with all cases on an individual basis to find the best solutions for our clients. We can supply an AIP within one hour and our dedicated underwriters will see the loan through from start to completion offering advice and guidance along the way.”
Head of MCI Mortgage Club, Melanie Spencer, added: “The bridging and short-term property finance market has been busy so to be able to bring in a new partnership with Glenhawk will provide our members with more options. Glenhawk offers competitive products and we anticipate our members will be keen to place business with them.
“We now have 65 lenders on our panel offering a wide range of mortgages to cover all possible requirements that clients may have.”
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