InterBay Commercial has relaunched its product range for HMOs and MUFBs, which is available for purchase and remortgage applications.
Properties up to 20 bedrooms/units can be considered with a maximum loan size of £1.5m up to 70% loan-to-value (LTV).
Larger loans will be considered on a referral basis and intermediaries should contact their senior business development manager to discuss specific cases.
Adrian Moloney (pictured), group sales director, OneSavings Bank, said, “It’s great to see how quickly InterBay Commercial has been able to come back to market with such strong product offerings and to meet broker partner’s key requirements during these testing times.
“InterBay Commercial’s experience in the larger HMO and MUFB market makes them the natural home for this type of business.
“This enhanced range illustrates our commitment to the market as well as the confidence we have in our policies by being able to offer long-form valuations.”
Rob Jupp, CEO at Brightstar Financial, said, “InterBay Commercial are quite rightly recognised as leaders within their field, they have an unparalleled breadth of expertise in the HMO and MUFB market and offer a high level of flexibility within their product range to accommodate this.
“As brokers, we know with their underwriting expertise and in house valuation support they can be relied upon in being consistent with their decision making.
“If there’s a way to get a case over the line, the InterBay team will go the extra mile to achieve it and that message remains just as true today.”