Glenhawk has launched its latest promotion, offering borrowers free legal and valuation fees.
Available to all applications received by 27th March, the promotion applies on all loans within £10m, with Glenhawk covering up to £3,000 (inc VAT) in legal and valuation fees for new unregulated product requests.
This initiative has been launched in direct response to market feedback and is aimed at reducing upfront costs for borrowers.
This is the third such promotion the firm has offered borrowers in the past 18 months.
The savings are expected to benefit property investors, developers and homeowners, who continue to face a challenging financing environment for acquisitions and refurbishment projects.
Guy Harrington (pictured), CEO of Glenhawk, said: “Reducing upfront costs will support residential investors and developers in their transaction journeys, while speeding up housing market transactions and project delivery.
“The general feedback from our broker network and their borrower base has been that valuation and legal fees remains a considerable cost and we will put the interests of our clients first wherever we can in the current macroeconomic environment.
“We are witnessing a continued recovery in transaction volumes, as demand for competitive financing solutions remains robust.”
