The lender has also upped its maximum loan to purchase price to 90%.

Glenhawk’s unregulated bridging range offers loans at a maximum 75% LTV for single and portfolio (including MUFB) residential and development exit, and 70% LTV for commercial and mixed commercial.

Loans are available on terms up to 24 months.

According to the lender, the enhanced product range will allow it to capitalise on borrower demand created by changes to permitted development rights, developers extending their exit time and increasing professional investment in residential for rent and hospitality property.

•   Choosing the right bridging lender for larger loans
•   Glenhawk secures £200m NatWest funding line as it targets £1bn of annual lending
•   Glenhawk makes four senior hires after 300% surge in regulated enquiries

Nick Hilton, managing director at Glenhawk (pictured above), said: “This is a part of the market dominated by a small number of banks and specialists, where we believe our focus on service, coupled with our multiple institutional funding lines, will position us as a partner of choice with a range of borrowers.

“A combination of market volatility and regulatory change has created opportunities for property professionals looking to take advantage of repositioning their portfolios. 

“Increasing maximum loan sizes at competitive LTVs will allow us to help more of these professionals meet their goals and ambitions. 

“Delivering this requires a combination of deep sector expertise, and a high conviction in property fundamentals — Glenhawk ticks all these boxes, as we accelerate towards our target of lending £1bn annually by 2024."