I wanted to kick off Monday with some exciting news. InterBay Commercial is a specialist expert, especially when it comes to large HMOs. With many positive changes in the mortgage market over the last few weeks, I’m sure lots of your brokers will have buy to let customers with high-value cases.
To support them, I’m delighted to announce that InterBay Commercial is now accepting HMO and MUFB applications on properties of up to 20 bedrooms/units.
Key criteria:
- LTV up to 70%
- Max loan size £1.5m (higher amounts considered by referral)
- Available as purchase or remortgage
This information is under embargo until 10am so please refrain from promoting until then. Our updated buy to let product guide contains everything you need to know, including our latest criteria and product restrictions, plus information on switching pipeline cases.
Please note that additional underwriting may apply, as portfolios will need to be assessed to understand liquidity position, tenant profiles will need to be examined and additional information may be required.
If you have any further questions, please get in touch with one of the team. We’re always more than happy to hear from you.
Warm regards,
Roger Morris
Group Distribution Director
OneSavings Bank plc