Glenhawk looks to expand offering with FCA regulation

Property finance lender Glenhawk is looking to become FCA regulated by Q1 2019.

The lender says that this will enable it to broaden its product range to include long-term consumer-facing products, and that it has plans to enter the buy-to-let, homeowner, and end of life sectors. It adds that there will be a particular focus on developing new products in the latter category.

Property developer Guy Harrington launched the Mayfair-based lender in January of this year. The firm offers short-term loans that typically range from £300,000 to £3m and boasts of imposing no admin or exit fees.

Harrington says: “As we look to build our retail focused offering this [bid for regulation] will support that strategy and provide us with increased credibility within that market.

“Once regulated we will then be able to offer a full suite of additional products, not just regulated bridging but term products… we’re quite keen to get into those and there are a few other things in pipeline we’re considering.

“Similar to our approach to short-term bridging, we believe that the later life market is ripe for disruption – there are existing products that do a good job, but we think that there is a gap for a more bespoke and consumer-friendly product.”

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