GB Bank has unveiled its new bridging finance range with rates starting from 0.79% per month.
The new bridging range is available on residential, semi-commercial and commercial properties and is available on loans between £500,000 and up to £4m.
With terms between 12 to 18 months and a 2% arrangement fee, the minimum interest period is six months.
For residential properties, rates start from 0.79% per month up to 65% loan-to-value (LTV) and from 0.89% per month up to 75% LTV.
For its semi-commercial offering, rates start from 0.99% per month up to 65% LTV and from 1.09% per month up to 75% LTV.
Meanwhile, the commercial range is available up to 60% LTV, with rates tailored on a case-by-case basis.
Pankaj Thukral, chief lending officer at GB Bank, said: “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.
“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.”
