GB Bank has boosted its lending ability by increasing its maximum loan size to £20m for specialist property finance.
This comes as the lender’s balance sheet rose to more than £1.7bn and follows a £20m cash injection last year.
The bank said its savings and lending books were growing each month, with completions between £10m and £15m on complex high-net-worth buy-to-let (BTL), commercial and bridging cases.
Mike Says (pictured), CEO of GB Bank, said: “The success of GB Bank is our focus on agility and speed of execution to provide timely and bespoke solutions to customers. We retain a steadfast focus on being agile and have speed as the key differentiating factor for our customers.
“A higher limit will allow us to further enhance our product offerings and convert more enquiries. We encourage our teams and the broker community to build new mutually beneficial relationships as we scale up our business through the year.”
The new maximum loan limit comes after the lender tripled this to £15m at the start of this year.
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