GB Bank has launched a new off-the-shelf buy-to-let and bridging range for intermediaries as it looks to broaden its proposition beyond bespoke lending.
The specialist lender said the move would provide brokers with a clearer suite of product options while maintaining its existing flexible underwriting approach for more complex cases.
The new core buy-to-let range includes two-year, three-year and five-year fixed-rate products with loan-to-value ratios between 65% and 75%. Rates start from 4.94%, with loans ranging from £500,000 to £3 million. Brokers will receive a 0.75% procuration fee.
GB Bank said its bespoke proposition would continue to support larger cases between £3 million and £20 million.
Affordability within the new range 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.
The lender’s new 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 said it would also consider HMOs, multi-unit blocks and mixed-use properties, alongside trust structures.
The bank added that it would lend to foreign national and expat borrowers living worldwide, subject to exclusions, without requiring UK residency, minimum income levels or existing UK property ownership.
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.”
