Interbay Commercial the specialist finance lender has relaunched their HMO and Mortgage Finance for Multi Unit Freehold Block products.
Properties in England between seven and 20 bedrooms/units can be considered, with loans from £100,000 to a maximum of £1.5m, and up to 70% LTV.
Student lets will also be considered, in addition to larger loans, on a referral basis, and intermediaries are urged to contact their senior BDM to discuss specific cases.
As part of OneSavings Bank, InterBay is able to leverage its expertise in this particular market and will be utilising physical long-form valuations (described as a specialist, much more detailed report, commonly used on bigger HMOs and more complex properties) through its valuer colleagues to support this move.”
Matt Lenzie, Founder of Commercial Mortgages Broker said: “its great to see Interbay Commercial returning into the marketplace, with the return of these products, and is a clear demonstration that there is some element of confidence returning to the markets following the interruption by the COVID-19 pandemic.”