GREAT NEWS! InterBay are expanding their Criteria
As a result of this the following criteria enhancements and changes are being introduced:
- Maximum 80% LTV on BTL products
- Holiday Lets increased to 75% LTV
- Semi commercial and Commercial lending – increased to 75% LTV
- Minimum loan size reduced to £50,000 (Min property Value £150k)
- Asset classes expanded. Significant increase to the types of acceptable assets
- Trail ERC removed
- Rates reduced. Up to 0.50% reductions – 2, 3 and 5-year fixed
But that’s not all…
They now only need 3-months’ proof of rent for semi-commercial and commercial loans.
Interbay hope you will agree that this is a hugely exciting change to start off the new year and as always they would be extremely grateful for your support in marketing this to your members. As always Lisa and Laurelle will ensure that the new literature to support this launch is issued to you as soon as possible.
Also don’t forget that their expert in-house teams will champion your case and use their years of industry experience and technical knowledge to apply the flexibility you need to find a truly bespoke solution.
If you would like to discuss this new range in more detail or require any additional support please don’t hesitate to get in touch.