THE PROPERTY FILTER TAKE
GB Bank's refreshed refurbishment bridging range starts from 0.79% per month and can fund up to 100% of works, subject to criteria (Mortgage Solutions, 8 October 2026).
On an illustrative £500,000 bridge at 0.79% a month, interest comes to £3,950 a month, and the "from" rate is the lowest on offer, not a quote.
Planning a refurb-then-refinance or refurb-then-sell project? Consider asking your broker for your actual rate, fees and loan-to-value before you agree a purchase price.
What does a value-add refurb cost to fund this month? GB Bank has refreshed its refurbishment bridging range, with rates now starting from 0.79% per month, according to Mortgage Solutions (8 October 2026). The range covers light and medium works and can fund up to 100% of refurbishment costs, subject to criteria.
What does GB Bank's refurbishment bridging range cover?
A bridging loan is short-term finance, repaid when you sell or refinance the property. That sale or refinance is your exit. GB Bank's range is aimed at borrowers who want to improve, reposition or enhance a property before sale, refinance or retention (Mortgage Solutions, 8 October 2026).
The works it lists are cosmetic upgrades such as new kitchens, bathrooms, windows and heating systems. It also supports more extensive works, including loft conversions, small extensions and other value-add improvements that do not require major structural alterations.
The up-to-100% figure applies to refurbishment costs, meaning the works. It is not 100% of the purchase price: GB Bank's own page caps day-one lending at 75% of value. GB Bank pairs it with flexible staged drawdowns (money released in tranches as the project hits its milestones), according to the same report.
GB Bank also offers rolled-up interest (interest added to the loan and repaid at exit, instead of paid monthly). Mortgage Solutions reports this is designed to ease monthly cash flow pressure during the works.
What will a refurbishment bridge cost you per month?
Asim Shirwani, head of bridging at GB Bank, set out the pricing, as reported by Mortgage Solutions (8 October 2026). Standard bridging rates start from 0.69% per month and refurbishment rates from 0.79%. Both are "from" rates, so they are the lowest available, and the rate you are offered may be higher.
Now run the numbers. Take an illustrative £500,000 loan, charged at the 0.79% headline rate on the full balance. That is £3,950 of interest a month. Over six months, simple multiplication gives £23,700, before any fees. At the 0.69% standard rate, the same loan costs £3,450 a month, so the refurbishment product costs £500 a month more.
Multiply 0.79% by 12 and you get 9.48% a year. That is plain arithmetic, not an APR, and it ignores fees and how interest is actually calculated. Neither source gives arrangement fees, so you may wish to ask your broker for them. Your exit mortgage needs pricing too, and our free stress test calculator shows what rent a buy-to-let refinance could need to support.
What do GB Bank's lender criteria say?
GB Bank's own light to medium refurbishment page, which I checked on 9 October 2026, sets the wider lender criteria. It lists loans from £500k up to £25m and terms of 3 to 18 months. It offers up to 75% LTV (loan-to-value, the loan as a share of the property's value) for residential properties and 65% for commercial.
The page also lists no early repayment charges and lending across England, Scotland and Wales. It says a bridge can be structured to cover the purchase as well as the works. The page is not dated, so you may wish to confirm with your broker that it matches the refreshed range.
That £500k floor matters. If your project needs a smaller loan, this range may not fit, and our guides on bridging, lenders and broker negotiation cover how to compare alternatives. Your refinance exit deserves the same scrutiny, as we covered in our report on rising buy-to-let rates squeezing landlords on bridging loans.
Key takeaways
GB Bank's refurbishment bridging rates now start from 0.79% per month, with standard bridging from 0.69% per month (Mortgage Solutions, 8 October 2026).
The range can fund up to 100% of refurbishment costs, subject to criteria; that is the cost of the works, not the purchase price.
On an illustrative £500,000 loan at 0.79% a month, interest is £3,950 a month, or £23,700 over six months before fees.
GB Bank's refurbishment page lists loans from £500k to £25m, terms of 3 to 18 months and up to 75% loan-to-value on residential property.
GB Bank offers rolled-up interest options and staged drawdowns; Mortgage Solutions reports rolled-up interest is meant to reduce monthly cash flow pressure during the works.
Frequently asked questions
What is GB Bank's lowest refurbishment bridging rate?
Does GB Bank lend 100% of the cost of a refurbishment project?
What kind of works does the range cover?
What is the minimum loan size?
What does rolled-up interest mean?
