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Buy To Let and HMO

Interbay completes complex term lending facility

  • Buy to let deal worth £4.575m
  • 28 units above retail shopping parade
  • Finance advanced at 75% LTV fixed at 4.99% for five years

A property investor contacted their broker about securing a remortgage deal to pay off a developer loan on 28 units above a retail parade in Hertfordshire. The client needed a loan of £4.575 million to be made to a limited company which is a wholly-owned subsidiary of their development company. They were struggling to secure finance as many lenders don’t consider loans on properties above units, or loans to layered limited companies.

The broker contacted a member of our specialist finance account manager (SFAM) team for support and the two of them worked closely together to get the deal through as smoothly as possible. As the deal was worth more than £3 million, the SFAM presented the application to our Transactional Credit Committee (TCC), which is made up of senior people from across the business. The TCC agreed to the case, giving the broker and their client confidence we would support the deal before any money was committed to valuations.

Despite the complexity of the deal, we were able to provide finance at 75% LTV, fixed at 4.99% for five years. We based our decision on the aggregate value of the individual units, rather than a block valuation, as they were in a desirable location with excellent demand for both rental and owner occupation. We were able to lend against 25 units, with the remaining three units allocated for social housing, demonstrating our partnership approach to achieving that all-important positive broker and client outcome.

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Davey Gurm

Specialist Finance Account Manager
Areas covered

London and Greater London


I joined the team as a specialist finance account manager in 2021 after holding similar roles at a number of other financial services companies. I enjoy interacting with brokers and am dedicated to supporting our ongoing commitment to strengthen relationships with all of our intermediary partners.


Kevin Beale

Specialist Finance Account Manager
Areas covered



I joined the company more than seven years ago, initially as national sales manager, then as new build distribution manager, before moving over to my current role. I love working closely with my broker partners and helping them to access products that their clients might struggle to get on the high street.

Mo Parmer (1)

Mohinder Parmar

Specialist Finance Account Manager
Areas covered

London and South East


I joined the group in 2022 after more than 20 years of experience working in banking, first as a private banker then as a relationship manager looking after my broker partners. The thing I love especially about specialist lending is that every case I receive is different with its own set of challenges, so when I’m able to finally get it over the line it gives me a real sense of achievement. I’m really looking to helping you with your complex cases and showing off our exciting proposition.


Charlotte Parker

Specialist Finance Account Manager
Areas covered

South West


I’ve been supporting brokers in South West ever since joining the company in April 2019. With nearly 20 years of experience working in financial services, I’ve developed a detailed knowledge of the mortgage market which means I’m perfectly placed to help you with your cases. Whatever support you need, I’m here to provide solutions to complex cases, and diffuse and resolve any issues that may arise during the processing of an application.

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This information is for mortgage professionals only and not intended for use by the general public. All rates, programmes and pricing are subject to change at any time and without prior notice. Mortgages are subject to valuation and approval.