Glenhawk has received authorisation from the Financial Conduct Authority.

The FCA regulation provides a platform for Glenhawk to offer a range of homeowner loans.

In addition, the lender has reached a total of £100m worth of lending. Last year, 74 loans were underwritten equating to £59.1m. This represented a 150 per cent rise on 2018.

The lender has been intending to become FCA regulated since Q1 2019.

Glenhawk chief executive Guy Harrington says: “After a year of extremely strong growth we now enter 2020 fully authorised by the FCA to provide regulated products.

“This is a significant step forward for Glenhawk as it allows us to build on the success and momentum we have built in the short-term bridging market and start providing loans to a much wider universe of borrowers, whist remaining true to our ethos of responsible lending and diligent underwriting.

“Our performance last year and our success in becoming FCA regulated provide further evidence of the increasing role that non-bank finance can play across the personal and professional real estate world.”