GREAT NEWS! New InterBay Buy to Let relaunch

Here’s what they have to say!

I am delighted to announce that we have introduced a new range of enhanced products in the InterBay Buy to Let range and whilst I appreciate that not all of you have direct access to InterBay I wanted to update everyone regardless as many can still access via other channels.

This is a significant enhancement that sees the following changes being made:

  • All Early Repayment Charges (ERCs) will now apply for the initial fixed rate period only, (removing the ‘1% ERC overhang)
  • All Buy to Let product rates reduced
  • Fixed rates now from 3.99%

In addition to the removal of the Early Repayment Charge overhang, the new rates have been aligned to ensure there is no rate differentiator between personal and limited company ownership structures.

InterBay Buy to Let range highlights include:

  • Multiple properties on one single loan (one admin fee, one account number)
  • SPV and trading limited company buy to lets considered 
  • Large HMOs/ MUFBs – No limit on the number of bedrooms/ units
  • Up to 80% LTV with no maximum loan amount and no maximum property value 
  • Expertise and experience in complex ownership structures
  • A flexible approach to underwriting