Features The Main Features
Click on any of the relevant features to view a brief explanation. Unlike most bank loans, InterBay’s is a true self-certified secured loan programme. That means 1 or 2 year’s accounts for business owners or pay slips and P60s for individuals are not required. This results in our clients (and ourselves!) enjoying greater flexibility and faster turnaround times. ^Top of page Whilst the maximum advance available is £600,000, this is per property rather than per applicant. Where you are seeking to purchase more than one commercial property, each will be assessed on it's own merits. ^Top of page There are no Arrangement Fees! ^Top of page There are no Lending Fees! ^Top of page There are no Broker Fees when the Commercial Mortgage Application is submitted through us. In other words, our service is free to you. To operate this service we receive fees from the lenders we refer you to. ^Top of page Conditional offers are available within 48 hours of submission by us of a "Conditional Offer Request". These offers are underwritten and credit checked by InterBay Funding Ltd., so the rate will stick and the goal posts won't be changed along the way. To download a copy of the "Conditional Offer Request" form that we submit, click here. (You will need Adobe Acrobat Reader 4.0 or above - to obtain the latest version of the Adobe Reader, click on the logo below) 
Secured on the commercial property being purchased or re-mortgaged from another lender. InterBay Funding Ltd do not seek additional security from you - other lenders may seek additional security such as a 2nd mortgage over your home. ^Top of page Loans are available for up to 85% LTV (Loan To Value) for example, on a commercial property valued at £100,000 a mortgage of up to £85,000 may be agreed. ^Top of page The repayment term of the Commercial Mortgage can be 15, 20, 25 or even 30 years. ^Top of page An optional 3 year capital repayment holiday can be applied for. If you take this option, then you will cover the interest only during the first 3 years of the mortgage. ^Top of page Often when you have shopped around the banks trying to get a commercial mortgage agreed, one of the conditions is that you need to move your bank accounts to them. This is not the case with InterBay Funding Ltd. ^Top of page Unrestricted equity take-out where you are re-mortgaging from another lender - this could be used as an opportunity to reduce or clear your overdraft facility. ^Top of page A professional valuation will be required once you have the conditional offer and you wish to proceed. To give you an indication of cost, for valuations estimated up to £200,000 the valuation fee would be £585. Loans can be made to individuals, Limited Companies and pension schemes. Even if those involved have an impaired credit history - CCJ's for example. Just tell us the circumstances behind the problem. Arranged through InterBay Funding Ltd, lenders specialising in financing for small commercial properties. They bring capital to small business owners and commercial property owners who have been underserved by traditional lending institutions. Working through Michael J. A. Pearce Mortgage Brokers to help small business owners and investors realise the dream of commercial property ownership. Originating loans under £600,000 for borrowers who seek a simplified, true self-certified process. 
Cut out the red tape with a self certified commercial mortgage. ^Top of page | 
