InterBay is a commercial mortgage lender specialising in buy-to-let and semi-commercial properties. 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 60% LTV (loan to value) is available on loans of £150,000 to £600,000. The max property value available is £1 million. Repayments are either fixed for 2 or 5 years at either 4.85% or 4.95%. There’s also a fee of 1.5%, or 1.25% for existing borrowers. Interest-only repayment options are also available.
Mortgages for buy-to-let properties are available up to 75% 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 either 4.24% or 4.44%. There’s also a fee of 2.00%.
InterBay Commercial Reviews and Ratings
InterBay’s only public online reviews are on Google. There are only a handful of them and they’re very critical, with most 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 – 1.0/5 (based on 4 reviews)
Reviews.co.uk – no reviews
Smart Money People – no reviews
- Specialist in buy-to-let and commercial mortgages.
- Recently raised LTV to 75% for buy-to-let.
- The only online reviews are very negative.
Website: InterBay Commercial Business Finance