Glenhawk’s next stage of growth will be aided by Twenty7Tec’s SOURCE platform
Glenhawk, the fast-growing UK challenger lender, has partnered with mortgage platform provider Twenty7Tec. Glenhawk’s regulated products will be available on Twenty7Tec’s proprietary SOURCE platform, which has seen a significant increase in users during the pandemic, as a result of the resilient homeowner market and continued retrenchment of the high street banks.
Brokers will initially have access to Glenhawk’s regulated bridging product range, which offers up to 70% LTV; rates starting at 0.59% and is available for joint representation. As part of the partnership agreement, Glenhawk will also roll out its unregulated products on the SOURCE module in due course.
Nathan Reilly, Head of Lender Relationships at Twenty7Tec, noted “We’re delighted to be partnering with Glenhawk as it looks to support even more brokers and customers with their specialist lending needs. Glenhawk’s addition to the platform, alongside similar announcements we’ve made across Q1, underlines the increasing importance of technology in the specialist lending market.”
Jamie Pritchard, Director of Sales at Glenhawk, commented: “Twenty7Tec is a market leading platform to source mortgages and short-term finance solutions, having seen a significant increase in search volumes over the last year. In today’s competitive market, it is vital that we find platforms that allow brokers to obtain a financial solution that best suits their customers, as efficiently as possible. Twenty7Tec have a proven single-platform model, that connects brokers with lenders to help complete deals swiftly. We are incredibly excited to be partnering with them”
Glenhawk provides swift, competitive short-term property finance, allowing clients to realise opportunities and progress developments. Loans typically range from £250,000 to £5 million, spanning the residential and commercial sectors.
With a senior leadership team deeply entrenched in the real estate and financial sectors, Glenhawk has a unique understanding of its clients’ challenges and offers a simple, flexible approach that makes it the long-term partner of choice for short-term property finance.
Founded in 2018 by long-term developer Guy Harrington, Glenhawk is also led by Managing Director Nick Hilton, who has a background in asset management and bridging loans and who has been responsible for £750 million of residential and commercial bridging since 2008. Non-Executive Directors Harry Hill, former Chairman of Rightmove and CEO of Countrywide, and Caroline Ong, former Octane Non-Executive Director also contribute their experience.