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
NEW: A cashback product for the specialist sector
As a leader in the specialist finance industry, we’re always looking at ways to innovate. Following feedback from partners and looking across the sector, we’ve launched our new semi-commercial cashback product.
This is available exclusively through Select partners, meaning you’ll be able to support your clients with products that other brokers don’t have access to.
Key criteria
- 1% cashback
- Available on loans up to £1m
- Paid on completion via your client’s solicitor
What this looks like in practice
- Property value £835,000
- Net loan £538,000
- 1% cashback £5,380
- Rate 7.09% with a 3% fee
This innovative product could be used to cover the cost of legal fees, retrofitting or even valuation fees.