A dilapidated bungalow in Devon is being refurbished into a vibrant family home following funding from GB Bank.
Based in the North East, one of the UK’s newest banks provided a residential bridging solution to experienced developers, Bobbins & Flo Developments.
The developers needed the deal completing as quickly and efficiently as possible so turned to GB Bank who have produced impressive turnaround times all year.
Through GB Bank’s proactive approach, it only took two weeks from solicitor instruction to full completion, which met the required timescales for the customer.
Tara Wiltshire, Relationship Manager at GB Bank, said: “It’s been great to work with such experienced developers and help them get this project kickstarted.
“The site has been lying dormant for a while so it will be great to see it fully refurbished, brought up to a quality standard and make a family home .
“We’re passionate about building relationships and taking a flexible, proactive approach so we’re pleased to have hit the timelines for the brokers and hope to work with them again in the future.”
Chris Chadwick from Bobbins & Flo Developments, added: “When we identified the site for our venture, we needed the deal turning around in quite a quick timeframe. We turned to GB Bank and they didn’t disappoint.
“They were extremely responsive and efficient in getting the deal done.”
For more information on GB Bank’s lending services, please visit: https://gbbank.co.uk/introducers-and-referrals/