GB Bank has introduced a new core product range, giving intermediaries access to a range of off-the-shelf buy-to-let and bridging products.
GB Bank has been traditionally known for its bespoke, case-by-case approach to lending. The new range gives intermediaries a clearer set of product options whilst retaining the bank’s ability to consider more complex borrower profiles, assets and ownership structures.
The core buy-to-let range includes two, three and five-year fixed rates, with LTV options available between 65% and 75%. Rates start from 4.94%, with loans available from £500,000 to £3 million, and a 0.75% procuration fee payable to brokers. GB Bank’s bespoke proposition considers loans between £3 million-£20 million.
Affordability is assessed on 125% interest cover ratio (ICR) for basic rate taxpayers, limited companies or SPVs, 145% for higher rate taxpayers and 130% for foreign nationals and expats. In addition, top-slicing can be considered.
The core bridging range starts from 0.79% per month for residential properties, and 0.99% for semi-commercial properties, with maximum LTVs of 75%.
Both ranges are available to first-time landlords, professional landlords, limited companies and SPVs. GB Bank will also consider HMOs, multi-unit blocks, as well as mixed-use properties including trusts and SPVs.
The bank’s criteria for foreign national and expat clients includes lending to worldwide residents, subject to exclusions, with no UK residency required. There is no minimum income or UK property ownership requirement, and bespoke loans continue to be available up to £20 million and 75% LTV for eligible cases.
Nick Allen, 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."
