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
We’re making semi commercial seamless
Stuck on a complex semi-commercial case? Our expert teams could deliver a swift solution to your mixed-use scenarios this Christmas.
MAKING A LIST: KEY PRODUCT HIGHLIGHTS
- Fees only 1% for limited editions (purchase and remortgage)
- 2-year fixed rates from 5.34% with 4% fee
- Min loan from £125k for standard products and £400k for limited editions
- £850k+ loan size = lower rates
- Properties with 55%+ resi value = discounted rates
- Up to 75% LTV, across 2 and 5-year fixed
CHECKING IT TWICE: SEMI-COMMERCIAL CRITERIA
1. Commercial vs residential split on Value, Rent or Area helps to dictate product choice
2. Multiple transaction accepted including Investment and Owner Occupied (Trading or Opco Propco)
3. ICR calculated at pay rate on an interest-only basis at all times, maximising the loan amount on short- and long-term fixed rate
4. Product options including full interest-only for up to 30 years and up to 75% LTV
5. Most asset classes considered, including retail, light industrial, storage and distribution, restaurants and takeaways, offices, dental practices, pharmacies, child day care and more
ALL WRAPPED UP: CASE EXAMPLE
The proof is in the pudding! See how we moved from AIP to completion in 21 days – even with a change in company structure following the initial underwrite – on a property consisting of two retail units and four self-contained studios.
QUICK LINKS
Use the quick links below to start a calculation, view our criteria or download the new product guide: