GB Bank has cut rates on its core BTL range by up to 25bps.
With immediate effect, rates now start from 4.69% at 65% LTV and 4.92% at 75% LTV.
GB Bank’s core range is available to first-time landlords, professional landlords, limited companies and SPVs.
The lender will also consider HMOs, MUFBs, mixed-use properties and complex overseas structures, including overseas trusts and SPVs.
Affordability is assessed on 125% ICR for basic rate taxpayers, limited companies or SPVs, 145% for higher rate taxpayers and 130% for foreign nationals & expats, with top-slicing considered for the right client.
“Pricing is obviously a key consideration for brokers and their clients, and these cuts mean intermediaries can access even more competitive options across the range,” said Nick Allen, head of marketing, product and proposition at GB Bank (pictured above).
“At the same time, whilst rates are important, brokers also want confidence that complex cases will be understood and assessed on their merits.
“That's exactly what GB Bank delivers — competitive products backed by experienced decision-makers and a relationship-led approach to lending."
