As you probably know, InterBay has been experiencing an exceptionally high level of demand for our products in recent weeks.
In order to manage the workload, they have taken the temporary decision of applying a minimum loan size of £1 million on all new applications across their commercial, semi-commercial and buy to let mortgage ranges from 5 pm today (Friday 19 August) until further notice.
Cases submitted before 5 pm will be honored, and those currently in the pipeline will be unaffected by this change.
InterBay understands this may be disappointing for you and your clients, but this short-term arrangement will give them the opportunity to clear the backlog of cases and get their service levels back to where you’d expect them to be.