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
Important product withdrawals
InterBay wanted you to know that due to ongoing market uncertainty they’re withdrawing the
following products:
- 65% LTV commercial and semi-commercial products;
- 75% LTV buy to let products;
- All holiday let products.
For applications to be considered from their current range, you must have submitted an agreement
in principle before 4pm today, Tuesday 27 September when access to their online submission
portal will close.
All cases on InterBay’s current range and previously withdrawn ranges must be fully submitted
with essential documents by 5pm Friday 30 September. This supersedes previously communicated
deadlines for full case submissions.
Due to the continued market interest rate volatility InterBay have taken the difficult decision to
temporarily withdraw our existing fixed rate mortgage products. This will give us the opportunity to
service our existing pipeline and to relaunch our replacement fixed rate mortgage range on Tuesday 4
October.
We understand that this is an unsettling time for brokers who’re likely to be dealing with anxious
customers worried by recent developments. I’d like to reassure you that we’re all in this together – we
remain committed to doing everything we can to make sure you’ve got all the support you need during
this period of uncertainty.
For applications to be considered from our current range, you must have submitted an agreement in
principle before 5pm today, Wednesday 28 September.
All cases on our current range and previously withdrawn ranges must be fully submitted with
essential documents by 5pm Friday 30 September. This supersedes previously communicated
deadlines for full case submissions.