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Complete are delighted to announce InterBay Commercial have cut all their Buy to Let
and HMO rates, meaning they now offer variable pay rates from 4.2%, with 5 year fixed rates, which are stress-tested at pay rate, starting from 4.4%.
The 70% and 80% LTV brackets have also been removed, providing a simpler product range which continues to meet the needs of your clients.
In addition, loans above 75% LTV are now available up to £1m. The following is a summary
of their new BTL and HMO pricing. |
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* Maximum loan amount £1,000,000.
† Maximum 75% LTV for HMOs with more than 8 rooms |
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| Key Highlights include: |
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Interest only available (normal rates apply up to 10 years) |
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Fixed rates available, 3 & 5 years |
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Minimum of 2 years relevant sector experience |
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Applicants inc Individuals, Ltd Co (trading & SPV's), Partnerships, Trusts & Pension Schemes |
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LTV - BTL & HMO < 9 bed - 85%, HMO > 8 bed - 75% |
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Fees - 1.70%, reduced to 1.2% for loans £1m+ |
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| Proc Fee 0.75% |
| (For loans over £500,000 we pay 0.85%) |
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| Still only £99 on Application |
| Complete FS Fee |
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