New member GB Bank

February 2nd 2023

GB Bank is the UK’s newest bank, a bank with a purpose and a bank on a mission.

 

After receiving its full UK banking licence in August 2022, the award-winning bank is already driving a positive change in the local community and beyond.

 

The specialist bank is dedicated to building and re-generating communities across the UK who need it most. By supplying SME property developers and property investors with a range of flexible finance solutions, from short term bridging finance to long term investment mortgages, they ensure their customers are fully supported throughout the entire lifecycle of both commercial and residential developments.  

 

The development finance is supported by the bank’s recently launched fixed rate savings accounts. Already crowned as the ‘Best New Savings Provider’ by the Moneynet Awards, a savings customer benefits from GB Bank’s no-nonsense, easy to open savings accounts with highly competitive rates.  They also have peace of mind knowing their savings are secure and are helping to support local community regeneration.    

 

Stephen Lancaster co-founder and chief executive officer said: “The reason GB Bank exists is because there has been a distinct shortage of access to specialist finance for regional developers, SMEs and property investors, particularly in the northern and midlands regions. We are here to plug that gap and support regional regeneration, starting right here in the Tees Valley.

 

"We are a bank that has specialist knowledge in property development so we understand that each project has its own unique set of features and challenges. We know what our customers need and that’s why we offer fully flexible and innovative short and long-term financial solutions for both residential and commercial developments.”

GB Bank provides a range of property development finance solutions between £26,000 – £5million including: 

Residential and Commercial Short-Term Loans

• Standard Bridging
• Light Refurbishment Bridging
• Heavy Refurbishment Bridging
• Exit Bridging
• Development Finance

Commercial and Buy To Let 

• Owner Occupier Commercial Mortgages
• Specialist Buy to Let Mortgages
• Commercial Investment Mortgages

Stephen continued: “We are a relationship led bank.  We utilise the regional knowledge and passion of our Relationship Managers, who work in conjunction with their Credit Partners, to ensure our customers get access to experts and a quick decision-making process."

The Middlesbrough based bank, with Head Quarters in Centre Square, has welcomed 20 new team members in the last 12 months and is committed to creating more local job opportunities to support their ambitious growth plans in 2023.

Speaking with Stephen about joining Tees Valley Business Club he said: “We are delighted to become a member of the Tees Valley Business Club.  As the first, home grown bank of the Tees Valley we are looking forward to engaging with a wide variety of local businesses to share knowledge and experience and to collectively drive forward the success of this great region.’’