Get your new home without the wait
Getting on the property ladder can be tough. GIB is here to support you in taking that first step towards homeownership.
With our affordable housing bridging loan, you won’t have to worry. We’ll cover the short-term costs, so you can start building for your future.
- Quick access to funds to help secure your new home
- Flexibility means you can afford to cover the deposit for a new home
- Short-term loan
Why choose our consumer loan
Bridging the Gap
It can be hard to meet the financial commitments required for certain affordable housing schemes, that’s where GIB steps in to lend a helping hand.
Affordable Payments
Everyone deserves a home they love. With our flexible, short-term bridging loan, you can move into your new property today and pay back the loan in instalments that suit you.
Flexible terms
Our affordable housing bridging loan has a competitive interest rate of 5% + Bank of England Base Rate, a 1% arrangement fee, and interest-only payments for up to 36 months. You’ll only pay the interest each month, with the full loan amount due at the end, offering flexibility until you’re ready to repay.
Application process
Designed to be as straightforward as possible, here’s how the application process works:
1. Initial consultation
Speak to our team about your needs and determine the most suitable financing option
2. Documentation
We’ll guide you through the documentation you’ll need depending on the type of loan and your business structure.
3. Approval & funding
Once your application is complete, we’ll review and finalise the terms, and provide a clear timeline for approval and funding.
Apply today by getting in touch via email or mobile.
FAQs
Everything you should know about our bridging loans.
Bridging home loans at Gibraltar International Bank are available only to customers participating in Gibraltar’s affordable housing scheme.
You must be a Gibraltar resident and must have been allocated a housing scheme property.
Yes, the Affordable Housing Bridging Loan with Gibraltar International Bank can be repaid via your mortgage, ensuring a seamless transition.
The bridging loan covers the interim period until your mortgage is finalised, then converts into your mortgage repayment plan.
No, bridging home loans at Gibraltar International Bank are available only to customers participating in Gibraltar’s affordable housing scheme.
The bridging loan is designed as a fast solution, and the process takes 8 weeks, subject to availability.
The timeline depends on how quickly you can provide us with all required documentation.
You’ll need to apply in person, and our Mortgage advisors will guide you through the process.
For more details on the application process or required documentation, visit Mortgages – Gibraltar International Bank or contact us at +350 200 13900 or lending@gibintbank.gi to arrange an appointment with a Mortgage advisor.