"Our new bridging range not only highlights the breadth of cases we are able to support, but also how competitive we can be across residential, semi-commercial and commercial assets"
- Pankaj Thukral - GB Bank
GB Bank has announced that it has launched a new bridging finance range with rates starting from 0.79% per month, aimed at providing fast and flexible funding solutions for property investors.
The new range covers residential, semi-commercial and commercial properties, with loans from £500,000 up to £4 million. Terms range from 12 to 18 months, with a 2% arrangement fee and a minimum interest period of six months.
Rates are structured as follows:
Residential properties: From 0.79% per month up to 65% loan-to-value (LTV) and from 0.89% per month up to 75% LTV.
Semi-commercial properties: From 0.99% per month up to 65% LTV and from 1.09% per month up to 75% LTV.
Commercial properties: Up to 60% LTV, with rates tailored on a case-by-case basis.
GB Bank is a specialist, purpose-driven bank delivering tailored financial solutions to support growth across the UK. The bank can provide funding up to £20 million for companies, individual investors and foreign nationals, including bridging for complex structures and unique properties.
“Our new bridging range not only highlights the breadth of cases we are able to support, but also how competitive we can be across residential, semi-commercial and commercial assets,” said Pankaj Thukral, chief lending officer at GB Bank (pictured).
Thukral added: “We recognise that speed and flexibility are critical in today’s market. Whether your clients are purchasing, refinancing, or funding refurbishment works, our bridging loans are designed to help you help them act quickly and seize opportunities.”
