GB Bank has enhanced its bridging refurbishment finance proposition, with refurbishment rates starting from 0.79% per month.
The bank said the proposition provides funding for light and medium refurbishment projects on residential and mixed-use assets, ahead of sale, refinance or retention.
Eligible projects range from cosmetic upgrades such as new kitchens, bathrooms, windows and heating systems to more extensive works including loft conversions and small extensions, provided they do not require major structural alterations.
GB Bank can now provide funding for up to 100% of refurbishment costs, subject to criteria. The proposition also includes staged drawdowns aligned with project milestones and rolled-up interest options.
"The refurbishment market continues to present significant opportunities for investors looking to add value to properties and improve housing stock across the UK," said Asim Shirwani, head of bridging at GB Bank (pictured).
"Our bridging refurbishment finance proposition has been designed to give brokers and their clients access to fast, flexible funding that supports both light and medium refurbishment projects.
"Whether it's a light refurbishment or a more ambitious project, GB Bank offers standard bridging rates from 0.69% per month and refurbishment rates from 0.79%, with funding available for up to 100% of refurbishment costs. It's another way we're helping borrowers bring projects to market with confidence, supported by the personal service and practical lending approach that sets GB Bank apart."
