Promotion aims to support brokers amid ongoing market uncertainty
Short-term real estate lender Glenhawk has extended its broker incentive promotion, offering brokers an additional 20 basis points and providing clients with a £1,500 cashback incentive.
The promotion applies to all unregulated applications submitted by March 14 and completed by April 30, 2025, with terms and conditions in place.
Glenhawk announced the initial promotion earlier this month, with brokers and their clients receiving the incentives on all new unregulated bridging loan applications submitted by February 21 and completed by March 31.
The lender said the decision to extend the offer follows feedback from brokers and aims to support the intermediary community after a difficult year in mortgage lending, while also easing borrowing costs for clients.
According to Bob Hunt, a board member of the Society of Mortgage Professionals, the mortgage market faced a challenging 12-month period in 2024, with inflation remaining persistent and economic growth slowing towards the end of the year. He also noted that uncertainty continues into 2025.
However, Hunt said that this year offers the prospect of increased stability, with the latest Bank of England interest rate decision and future potential rate cuts expected to boost demand.
Glenhawk stated that the extended promotion is designed to strengthen broker partnerships and provide added value for clients navigating complex borrowing conditions.
The announcement also follows the lender’s recent launch of a structured real estate division, aimed at offering tailored lending solutions for larger and more intricate short-term financing requirements.
“The feedback from our broker network has been overwhelmingly positive, and we will continue to prioritise our clients’ needs in the current market landscape,” said Guy Harrington (pictured), chief executive of Glenhawk.
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