Important News ! InterBay Commercial, part of the OneSavings Bank PLC Group, has made its first move in 2014 by launching an 85 per cent BTL product. The commercial lender enhanced its buy-to-let product to a new maximum LTV of 85 per cent. Product details: • Maximum LTV 85 per cent; • Fees can only be added up to the 85 per cent LTV; • Max Loan Size £1,000,000 per property; • Pricing - Above 75 to 80 per cent, with 0.25 per cent loading, above 80 per cent to 85 per cent, 0.5 per cent Loading; • Arrangement Fee 2 per cent; • Max 75 per cent for New Build Flats & HMO; and • All other Buy to Let terms remain the same. Commenting on the launch of the enhanced product, Colin Bell, CEO of InterBay Commercial, commented: “In 2014 I want to ensure that our product remains ahead of our competition whilst also maintaining our market leading service proposition through process changes. The first such enhancement is an extension of our Buy to Let offering from 75 per cent LTV to 85 per cent LTV.” “The market through 2014 has demonstrated resilient property prices coupled with excellent borrower profiles and this has meant InterBay is comfortable with extending its credit proposition. Is this of interest to you? Please call me on 07970 374636, or Ben@harveybowes. I look forward to speaking to you soon!
Posted on: Wed, 29 Jan 2014 00:20:48 +0000