GB Bank has expanded its intermediary proposition with the launch of a new off-the-shelf bridging range alongside a core buy-to-let offering.
The lender said the new products would provide brokers with greater clarity and speed of execution, while continuing to support more complex lending requirements through its bespoke underwriting approach.
GB Bank’s new bridging range starts from 0.79% per month for residential properties and 0.99% for semi-commercial assets, with maximum loan-to-value ratios of 75%.
The products are available to first-time landlords, professional landlords, limited companies and SPVs, with the bank also considering HMOs, multi-unit blocks and mixed-use properties.
The lender said it would continue to offer bespoke loans up to £20 million and 75% LTV for eligible cases.
GB Bank added that its criteria for foreign national and expat borrowers includes lending to worldwide residents, subject to exclusions, with no UK residency, minimum income or existing UK property ownership requirements.
The launch also includes a new core buy-to-let range featuring two-year, three-year and five-year fixed-rate products with rates starting from 4.94% and LTVs between 65% and 75%.
Loans are available from £500,000 to £3 million, with a 0.75% procuration fee payable to brokers. Cases above £3 million will continue to be handled through the bank’s bespoke proposition.
Affordability for the buy-to-let products will be assessed using a 125% interest cover ratio for basic rate taxpayers, limited companies and SPVs, rising to 145% for higher rate taxpayers and 130% for foreign nationals and expats. Top-slicing may also be considered.
Nick Allen (pictured), head of marketing, product and proposition at GB Bank, said: “At GB Bank, we’ve built our reputation on understanding complex lending cases and delivering practical, workable solutions for brokers and their clients.
“This new core range brings together the best of both worlds — the clarity and certainty of a defined product offering, alongside the flexible, pragmatic approach that sets us apart.
“Crucially, it’s underpinned by our commitment to fast, efficient execution and a highly responsive service for intermediaries.
“By combining speed, consistency and relationship-led support, we’re providing brokers with a credible alternative for clients who need certainty, agility and tailored solutions in today’s market.”
