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’s new wider range of commercial, semi-commercial and bridging rates
InterBay’s new range of commercial, semi-commercial and bridging finance products are designed to
provide greater opportunities for your clients.
With a wider selection of rates, loans from £250k with no maximum limit and no upper limit on
property value, we're here to support your clients' cases, no matter the complexity.
NEW Commercial
Rates now from 7.79%
NEW Semi-commercial
Rates now from 6.79%
All available with:
- Up to 75% LTV
- No maximum loan amount
- No maximum property value
- Most asset classes considered
- Owner occupier or investment applications accepted
NEW Bridging and developer exit finance
- Rates now from 0.70%
- No maximum loan amount
- Options up to 75% LTV available
From buy to let HMO conversions to completing large refurbishment or residential development
projects, we’ve got all bases covered. Get in touch no matter how challenging or complex your case may be, our sales team are always on hand to discuss any cases with you, even those falling outside of our standard criteria.
Here’s just a few of the ways we can support your bridging clients’; needs.
Bridging finance - Works that alter the external footprint or outline of the property
Works that require planning permission
Works on large blocks, large MUBs or multiple properties in a single freehold
Residential to HMO conversions of up to 10 lettable rooms
Conversion of a commercial into a maximum of 4 flats
Conversion of a house into a maximum of 6 flats
Developer exit finance
Experienced developers with a residential development that's reached practical completion,
with the benefit of all consents and a warranty or PCC
Capital raising on an unencumbered development to either allow the applicant to move to
their next project or to provide funds to complete the project before selling or refinancing