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.
Important: buy to let product changes
We wanted you to know that from Wednesday 22 June, we’re making temporary changes to our buy to let product range and selected products will be withdrawn. A new buy to let range will follow shortly.
For applications to be considered on our current product range, you must have submitted an agreement in principle before 5pm Wednesday 22 June and then subsequently, fees need to be paid by 5pm Monday 27 June.
URGENT PRODUCT WITHDRAWAL – Changes to InterBay Commercial and Semi Commercial ranges
Please note with effect from Friday 24 June we will be making temporary changes to InterBay’s commercial and semi-commercial product ranges.
We will be communicating this officially to our database today and informing that for applications to be considered on our current commercial and semi-commercial product ranges, you must have submitted an agreement in principle before 5pm Friday 24 June.
Please note a formal decision is not required to secure the rate just that the AIP has been submitted.
- In Commercial we are withdrawing the 3-yr fixed rates and all 2-yr and 5-yr fixed rates at 55% LTV and 65% LTV
- This will leave the 2-yr and 5-yr fixed 75% LTV products
- In Semi Commercial we are withdrawing the 3-yr fixed rates and all 2-yr and 5-yr fixed rates at 60% LTV, 65% LTV and 70% LTV
- This will leave the 2-yr and 5-yr fixed 75% LTV products