InterBay is a commercial mortgage lender specialising in buy-to-let and HMO, semi-commercial properties and commercial. Based in Portsmouth, InterBay is part of the OneSavings Bank brand along with another buy-to-let lender, Kent Reliance. InterBay offers valuations and loans for mixed property portfolios and various ownership structures.
InterBay Commercial Business Finance
Semi-commercial mortgages are available for properties that have both residential and commercial purposes. Up to 70% LTV (loan to value) is available on loans of £150,000. The max property value available is £1 million. Repayments are either fixed for 2, 3 or 5 years at from 4.79% to 5.29%. There’s also a fee of 1.5% or 1.25% for existing borrowers. Interest-only repayment options are also available.
Commercial mortgages are available for properties up to the value of £2 million with up to 65% LTV for terms of 2, 3 or 5 years. Interest rates are from 5.64% to 6.04% and a product fee of 1.5% or 1.25% for existing borrowers applies.
Buy-to-let and HMO mortgages
Mortgages for buy-to-let properties are available up to 80% LTV with a maximum loan size of £3 million. Houses in multiple occupation (HMOs) and multi-units are accepted. Repayments are either fixed for 2 or 5 years at an initial rate from 3.99% to 4.29%. There’s also a fee of 2.00%.
Holiday lets mortgages
Mortgages for holiday lets are available for up to 70% LTV with a maximum loan value of £1 million. Repayments are fixed for 2 or 5 years with an initial rate of 3.84% or 4.29% with a product fee of 1.5% on most products.
InterBay Commercial Reviews and Ratings
InterBay’s only public online reviews are on Google. There is only a handful of them and they have mixed reviews. Some are very critical with several customers claiming that InterBay hit them with excessive charges and penalties.
In May 2020, InterBay raised its LTV to 75% for all buy-to-let products and residential lending, including HMOs. This is currently only available in England.
Trustpilot – no reviews
Google Reviews – 2.3/5 (based on 6 reviews)
Reviews.co.uk – no reviews
Smart Money People – no reviews
- Specialist in buy-to-let and commercial mortgages.
- Recently raised LTV to 80% for buy-to-let.
- The only online reviews are fairly negative.
Website: InterBay Commercial Business Finance