Bridging loans | Mortgage rates | InterBay Commercial Select

Our lowest rate

Developer Exit

70% LTV

Initial rate 0.78%

Facility fee 2%

Product highlights

Up to 75% LTV available

Rates from 0.78%

New developer exit range

Conversions into flats

Download product guide

Standard bridging finance

LTV	Rates	Minimum loan	Facility fee
60%	0.85%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one and 3% year two. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee £0 fee Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1
65%	0.90%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one, 3% year two, 3% year three, 3% year four and 3% year five. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee 2% arrangement fee, payable on completion, can be added to the loan and is non-refundable Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1
70%	0.95%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one, 3% year two, 3% year three, 3% year four and 3% year five. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee £0 fee Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1

Semi-commercial bridging finance

LTV	Rates	Minimum loan	Facility fee
60%	0.89%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one and 3% year two. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee £0 fee Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1
65%	0.94%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one, 3% year two, 3% year three, 3% year four and 3% year five. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee 2% arrangement fee, payable on completion, can be added to the loan and is non-refundable Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1
70%	0.99%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one, 3% year two, 3% year three, 3% year four and 3% year five. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee £0 fee Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1

Commercial bridging finance

LTV	Rates	Minimum loan	Facility fee
60%	0.94%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one and 3% year two. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee £0 fee Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1
70%	0.99%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one, 3% year two, 3% year three, 3% year four and 3% year five. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee 2% arrangement fee, payable on completion, can be added to the loan and is non-refundable Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1

Developer exit finance

LTV	Rates	Minimum loan	Facility fee
70%	0.78%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one and 3% year two. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee £0 fee Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1
75%	0.84%	£250,000	2%
Close account information The loan Repayment terms available? Interest-only terms available? Porting available? Standard variable rate Not available Minimum loan £50,000 Maximum loan £1,000,000 Term 2-30 years Early repayment charges Fixed: 4% year one, 3% year two, 3% year three, 3% year four and 3% year five. The applicant(s) CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Unsecured arrears Not applicable First-time landlords accepted? N/A Professional landlords accepted? N/A Maximum no. of applicants 4 Ages 18-85 (end of term) The fees and charges Product fee 2% arrangement fee, payable on completion, can be added to the loan and is non-refundable Application fee £145 administration fee is payable when the valuation is instructed, and is non-refundable Proceeding with an application Follow one of the below to continue… Register with us Login Having trouble placing a case? Speak to your specialist finance account manager today. Find your account manager				1	1	1	1	1

Standard, semi-commercial and commercial bridging finance

Cash flow funding for short term requirements.
Buying property at auction.
Meeting tight transaction deadlines.
Landlord who want to make a quick purchase.

Tier 2 heavy refurbishment finance

Works that alter the external footprint or outline of the property.
Works that require planning permission.
Residential to HMO conversion of up to 10 lettable rooms.
Conversion of a commercial unit into a maximum of 4 flats^*.
Conversion of a residential unit into a maximum of 6 flats^*.
Works on large blocks, large MUBs or multiple properties in a single freehold.

Developer exit finance

Experienced developers with a residential development that has reached practical completion, with the benefit of all consents and a warranty or PCC.
Capital raising on an unencumbered development to either allow the applicant to move to their next project or to provide funds to complete the project before selling or refinancing.
We can also consider the following schemes, up to and including^*:
- Single properties valued at £2million or more;
- Multi-unit schemes where there are 10 or more units;
- Total value £5million or more.

*A new homes warranty from one of the Group’s accepted warranty providers or Professional Consultants Certificate (PCC) must be provided at completion.

Acceptable credit profile

CCJs

Nil (3 year history)*

Defaults

Nil (3 year history)*

Missed mortgage payments

None in the last 12 months

Missed secured loan payments

None in the last 12 months

Unsecured arrears

N/A

Bankruptcy

Nil (6 year history)

IVA

Nil (6 year history)

Repossession

Nil (6 year history)

Debt Management Programme

Nil (6 year history)

*The restrictions may apply in the following circumstances

Where all CCJs/defaults were registered more than three years ago and satisfied prior to mortgage application;
Where all CCJs/defaults were satisfied more than 12 months prior to application regardless of date of registration;
Where the CCJs/defaults in aggregate amount to less than £300, regardless of date of registration, and satisfied prior to mortgage application.

Physical valuations

For buy to let and HMO/MUFB properties of up to six lettable rooms/units, full physical inspection for valuations will continue, and shall be conducted through our panel valuers Connells via the usual process.

For large HMO/MUFB properties of 7 to 10 lettable rooms/units or conversion of a commercial property, a valuation quote will need to be obtained prior to the full physical inspection of the property and shall be conducted via our in-house panel managers. Connells and other panel managers have issued clear guidance surrounding property inspections. If this guidance isn’t adhered to, surveyors could choose not to proceed with a valuation, but still charge abortive fees or additional fees to re-visit the property.

Fees

A £145 administration fee is payable on submission and is non-refundable. A 2% facility fee, payable on completion, can be added to the loan and is non-refundable. Valuation fees should be paid on submission of application.

Current processing times

Bridging

Commercial
Semi-commercial
Buy to let and HMO
Holiday let
Bridging

AIP review

36 hours
Initial underwriting

2 working days
Formal offer review

2 working days
Additional correspondence and documents

2 working days

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

Last updated 12-09-2024

AIP review

36 hours
Initial underwriting

2 working days
Formal offer review

2 working days
Additional correspondence and documents

2 working days

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

Last updated 12-09-2024

AIP review

36 hours
Initial underwriting

2 working days
Formal offer review

2 working days
Additional correspondence and documents

2 working days

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

Last updated 12-09-2024

AIP review

36 hours
Initial underwriting

2 working days
Formal offer review

2 working days
Additional correspondence and documents

2 working days

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

Last updated 12-09-2024

AIP review

4 hours
Initial underwriting

24 hours
Formal offer review

24 hours
Additional correspondence and documents

24 hours

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

Last updated 12-09-2024

AIP review

4 hours
Initial underwriting

24 hours
Formal offer review

24 hours
Additional correspondence and documents

24 hours

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

Last updated 12-09-2024

Current processing times

Products

Commercial

Rates

Literature

Semi-commercial

Literature

Buy to let and HMO

Literature

Bridging

Literature

Product transfers

Bridging finance

Our lowest rate

Developer Exit

70% LTV

Initial rate 0.78%

Facility fee 2%

Product highlights

Standard bridging finance

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Semi-commercial bridging finance

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Commercial bridging finance

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Developer exit finance

Close account information

The loan

The applicant(s)

The fees and charges

Proceeding with an application

Having trouble placing a case?

Close account information

The loan

The applicant(s)

The fees and charges