1

New limited editions and semi-commercial criteria enhancements

Your clients can now benefit from reduced pricing when the residential element is above 50%.

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2

Just launched: commercial limited edition products

Available for loan sizes £2.5m - £25m. Rates from 6.24% with a 3% fee.

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3

IMPORTANT UPDATE: Six more firms added to our legal panel

You told us what matters most to you and your clients, so we’re pleased to announce that additional firms have been added to our legal panel.

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4

Lower rates, increased LTVs – discover our bridging range

We’ve just launched an improved bridging range for commercial and semi-commercial cases. Rates from 0.79% and new 55% LTV products.

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5

Leverage owner occupier opportunities

We’re committed to supporting SMEs with their expansion and we know every business is different, which is why we look at each loan on its own merits when reviewing cases.

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6

Explore our dedicated product transfer range

By using our mortgage product transfer process, your clients can switch to a new product quickly and easily without the need for revaluation or additional underwriting.

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Marc Callaghan

Marc Callaghan

Head of Commercial Lending

“Our Transactional Credit Committee (TCC) allows us to offer bespoke and flexible solutions and pricing on a case-by-case basis.”

Untangling a large buy to let portfolio

  • Clients were looking to move their entire portfolio from existing lenders
  • Comprised 155 properties (140 remortgaged by InterBay)
  • The remaining 15 are being refurbished with the goal of transferring
  • Clients repaying £10.5m
  • To acquire additional MUFBs, £4m capital raised
  • £15.9m loan agreed at 74.9% LTV

Timing is key when getting a case to offer

  • Commercial investment loan of £4.5m net
  • Securities consisted of two freehold titles with 23 units in total
  • Structured as interest only on a 15-year period
  • Current passing rent only achieved an ICR of 118%
  • Exception agreed to proceed to offer subject to one of the vacant units being occupied before completion

We don't judge a commercial facility by its cover

  • Client needed a net loan of 75% LTV on a commercial facility
  • Loan was for £2.5m on a 20-year interest-only basis
  • Income from security is a split of owner occupier and investment
  • The asset required significant improvements between exchange and completion
  • Case was agreed subject to a re-inspection once works completed

Refinancing result

  • Semi-commercial refinance required
  • Client owned the asset for a number of years and recently developed the upper parts into residential units
  • Security included nine commercial shops, one storage unit and seven flats
  • Agreed a loan of £3.5m on a 10-year interest-only facility
  • Client repaid existing loan and released extra capital for further investment

Commercial deal with flex

  • Commercial owner occupier remortgage
  • Requirement for £7.37m over 10 years
  • Estimated value of £11m
  • Refinance saved client significant costs by clearing current lender debts
  • Client wanted to exclude three non shareholding directors from the facility

Current processing times
Commercial
  • Commercial
  • Semi-commercial
  • Buy to let and HMO
  • Bridging

  • AIP review

    1 working day

  • Initial underwriting

    2 working days

  • Formal offer review

    2 working days

  • Additional correspondence and documents

    2 working days

alerticon

Submissions after 4pm will be considered as submitted the following working day.

Last updated 03-03-2026

  • AIP review

    1 working day

  • Initial underwriting

    2 working days

  • Formal offer review

    2 working days

  • Additional correspondence and documents

    2 working days

alerticon

Submissions after 4pm will be considered as submitted the following working day.

Last updated 03-03-2026

  • AIP review

    1 working day

  • Initial underwriting

    2 working days

  • Formal offer review

    2 working days

  • Additional correspondence and documents

    2 working days

alerticon

Submissions after 4pm will be considered as submitted the following working day.

Last updated 03-03-2026

  • AIP review

    1 working day

  • Initial underwriting

    2 working days

  • Formal offer review

    2 working days

  • Additional correspondence and documents

    2 working days

alerticon

Submissions after 4pm will be considered as submitted the following working day.

Last updated 03-03-2026

  • AIP review

    4 hours

  • Initial underwriting

    24 hours

  • Formal offer review

    24 hours

  • Additional correspondence and documents

    24 hours

alerticon

Submissions after 4pm will be considered as submitted the following working day.

Last updated 03-03-2026

Current processing times

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This information is for mortgage professionals only and not intended for use by the general public. All rates, programmes and pricing are subject to change at any time and without prior notice. Mortgages are subject to valuation and approval.