Glenhawk, the UK-based lender specialising in short-term real estate loans, has appointed industry veteran John Butt as its head of credit policy to support a new phase of product expansion, including a forthcoming buy-to-let offering.
Butt, who has spent two decades in specialist lending, will take charge of the credit policy for Glenhawk’s current and forthcoming products. He will be reporting to Damani Johnson, the chief operating officer, and will work from London. His duties include refining lending processes and handling complex loan enquiries and policy exceptions.
Previously, Butt held similar roles at Foundation Homeloans and Vida Homeloans, where he oversaw risk analysis and crafted credit policies for a variety of lending products.
Glenhawk is gearing up for a significant lending increase, following up on its recent product range overhaul that saw a reduction in rates. This move was a response to client demands against an improving economic landscape.
Guy Harrington, CEO of Glenhawk, said: “John’s proven track record establishing credit policies and successfully advising on portfolio transactions and complex credit situations will be essential as we look to put in place the systems and processes to successfully launch new products later this year.”
Butt added, “As the macroeconomic backdrop improves, I’m hugely excited to be joining the talented team with responsibility for driving continued excellence across what is already a very strong credit policy function.”
