GB Bank has increased its maximum loan for commercial property investors from £20m to £25m, as it relaunches lending in this sector. Borrowers can now combine bridging loans and longer-term finance within a single funding arrangement.
The bank will consider purchases and refinancing for income-generating properties, including retail units, offices, and buildings with multiple tenancies. Loans are available up to 65% loan to value across mainland England, Scotland, and Wales.
Separately, Landbay has launched 11 new tracker products and cut rates on several existing buy-to-let deals by up to 0.15 percentage points. Its Core two-year tracker now starts at Bank Base Rate plus 0.29% at 65% loan to value, without early repayment charges.
Meanwhile, Rely has introduced a limited edition buy-to-let range for landlords of all portfolio sizes. One-year fixed rates start at 2.85% with a new 3.5% fee option, while two-year fixes begin at 3.59%.
In contrast, TSB has increased rates across its fixed buy-to-let mortgage range by up to 0.20 percentage points.