Here is an update from InterBay, the BTL and Commercial Mortgage lender, that you can access via our commercial mortgage team or direct to lender via our mortgage club. Click to view their products and their criteria. Their affordability calculator is also available on their website. Contact our team today for more information or support with queries.
Don’t forget to consult our ‘getting it right first time’ guidelines to ensure a successful application.
Announcement
InterBay – Product withdrawals
InterBay are withdrawing selected products across their buy to let range from Wednesday 15 June.
This will be followed by the launch of new products on Thursday 16 June.
For applications to be considered on the current product range, you must have submitted an agreement in principle before 5pm Wednesday 15 June and then subsequently, fees need to be paid by 5pm Monday 20 June.
We’ve improved our process
As one of the UK’s leading specialist lenders, we’re always looking for ways to make it easier for you to submit your cases. That’s why we’ve improved our process, allowing you to upload all case submission documents to our broker portal before we do a full initial underwrite.
To show you what information to send at application, we’ve created three essential submission documents which outline exactly what our underwriters need to allow them to start assessing your clients’ cases.
These improvements mean you’ll benefit from:
- Peace of mind knowing we’ll be able to do a full underwrite at the initial submission stage.
- Improved AIP turnaround times.
- The best possible service and SLAs.
New InterBay 5-year fixed buy to let mortgage rates
As one of the UK’s leading specialist lenders, InterBay are determined to deliver bespoke solutions to help borrowers achieve their investment goals.
Our new 5-year fixed rate buy to let mortgages feature rates from 4.69% with no maximum loan size up to 80% LTV, and can support both converted and purpose-built HMOs or MUFBs with no limit on the number of bedrooms/units.
With experience in high-value cases and complex ownership structures, we could help your clients with more than just standard buy to lets.
- Multiple properties accepted on a single loan
- Complex layouts accepted including multiple houses on one title, or multi-unit blocks with leasehold and freehold titles
- No limit on the number of bedrooms/units for HMO/MUFB properties
- Complex ownership structures accepted including LLP, SPV, trading companies and trusts