FEATURE
TEAM GB
Meet the UK ’ s newest bank – a ‘ one-stop shop ’ for property finance
Experts – members of the lending team at GB Bank ( from left ) Jeveria Tazim , Jacqueline Prentice , John Pointer and Rob Lankey .
Property development has never been an activity for the faint-hearted and the current economic climate makes it even more challenging . However , there ’ s now a ‘ new kid on the block ’ which takes a different approach to property finance and a raft of solutions targeted at every stage of the development process .
Middlesbrough-based GB Bank successfully secured its full UK banking licence in August . Dedicated to building better futures for communities across the UK that need it most , the bank has been set up specifically to help SME property developers and property investors by providing accessible and innovative property development financial solutions .
Those behind the bank understand the challenges which developers face when it comes to bringing their property projects to life .
A one-stop shop GB Bank ’ s lending team combines decades of experience in the property finance sector and that knowledge has been put to good use with a process and a product range which looks at things from a developer ’ s point of view rather than , what can be perceived as , a faceless corporate entity .
The end result is a one-stop shop for property finance , delivered by real people with real know-how and a passion for the communities they serve .
So how does this work in practice ? Let ’ s assume you ’ re just starting out on your project . You have your vision , your plans and your people in place , but you ’ re short on capital to kickstart the scheme . This is where GB Bank ’ s bridging loans can come in , so that you can acquire the land or the renovation project to get things moving .
They offer fully flexible and innovative short- and long-term financial solutions for both residential and commercial property to ensure support for developers throughout the entire development lifecycle .
Loans are available from £ 26,000 up to £ 5m including :
> Residential and commercial shortterm loans > Standard bridging > LLight refurbishment bridging > Heavy refurbishment bridging
> Residential and commercial long-term loans > Development finance And coming very soon , GB Bank will offer owner / occupier mortgages and specialist buy-to-let mortgages .
While GB Bank ’ s products offer financial support at each stage of the development lifecycle , developers don ’ t have to opt for every product . For example , if you just want a buy-to-let mortgage at the conclusion of the work , that ’ s what you can apply for .
Real expertise , real people When it comes to arranging , managing and fine-tuning your financial needs , you won ’ t have to deal with a whole series of different people . You ’ ll just be dealing with one dedicated relationship manager who will help to ensure you get exactly the right package which suits your needs and the demands of the project .
You ’ ll then have one lending package which covers all aspects of the development , making the whole property finance process a lot easier and simpler .
What ’ s more , your relationship manager won ’ t be surveying your borrowing from afar , they ’ ll have in-depth
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