Most monthly rates have been reduced by 2 or 3bps, but at certain LTV bands the reduction is up to 8bps.

The reduction applies across both regulated and unregulated bridging loans, including refurbishment finance, and is available immediately across all asset classes.

As a result, the lender’s unregulated rates now start at 0.68% per month.

The move follows a series of recent enhancements from the lender, including the introduction of a new automated valuation model (AVM) policy, allowing AVM-supported lending up to 75% LTV.

While the changes apply to all products, Glenhawk has noted a rise in case-specific scenarios including developer exit finance, commercial and mixed-use acquisitions, heavy refurbishment projects and time-sensitive transactions.

Glenhawk managing director of sales and marketing Josh Knight said: “This rate reduction is a signal of our intent. With market confidence returning, we are well positioned to help brokers with a broad range of bridging scenarios.

“Over the next few months, we will be making a series of further improvements to our offering, ensuring brokers continue to have access to competitive pricing alongside the service and certainty they expect from Glenhawk.”