Reduced Pricing & Lower Loan Amounts with InterBay

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Higher Leverage on Strong Assets

InterBay now lend up to 75% of Market Value (no longer restricted to the lower of MV or VP).

  • Larger loan sizes
  • As long as the loan ≤ 85% of VP
  • Valuer must confirm 12‑month letting & sale period
  • Use valuer’s market rent, not passing rent received

Semi-Commercial Threshold Lowered

Residential element now needs to be over 50% to qualify for cheaper semi‑commercial pricing, reduced from 55% previously.

Lease Requirements Relaxed

InterBay have removed the requirement for 12 months to be remaining on any commercial leases in place providing the property is income‑producing and can be evidenced. This is now also open for licences as well as leases.

Multi Units with Vacant Units? No Problem

InterBay can now accept cases where:

  • Rent from other units sufficiently covers vacant areas. This can include semi commercial properties where the resi rental covers the loan and the commercial units are empty if the valuer confirms a maximum of 12 months sale and letting period for all properties.
  • Non‑structural improvement works are planned

New Landlords Welcome

They’ve removed the requirement for 2 years’ commercial sector experience. More first‑time landlords can now qualify.

Property Types Now Accepted

In addition to the usual acceptable classes; industrial, office, retail, food outlets, education, medical etc, they can now consider the following:

  • Dry Cleaners, even where dry cleaning is taking place at the property (these will need a relevant permit)
  • Funeral Directors/Parlours
  • Vulnerable tenanted properties, with the exception of vulnerable children or asylum seekers

VISIT LENDER PAGE

At 3mc, we have a team of expert advisers who can discuss all your mortgage requirements. If you would like to discuss your options, give the 3mc team a call on 0161 962 7800.

All calls are recorded for training and monitoring purposes. 3mc for intermediaries only.

*Your home may be repossessed if you do not keep up repayments on your mortgage. 3mc (UK) Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register https://register.fca.org.uk/s/ under reference 302992. Please note: The FCA do not regulate Business Buy to Let Mortgages.

📱 0161 962 7800
📧 info@3-mc.com
🌐 www.3-mc.com

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