Large Portfolio Of Properties 1920X507


Interbay completes lending on repurposed public house

  • Semi-commercial title arranged as a convenience store, three flats and four houses
  • £2.53m loan at 63% LTV
  • 20-year term on an Interest Only basis, fixed for 5-years
  • Portfolio was entirely unencumbered with no previous mortgage repayment history
  • Capital raised for onward property investment and portfolio expansion

A portfolio landlord reached out to their broker seeking a lender to assist with a capital raise for further property investment in a mixed-use property located in London. They faced challenges finding a lender willing to support their case due to their extensive portfolio of unencumbered properties with no repayment history. They required a 20-year term on an interest-only basis for the property, which was once a public house.

In addition, many lenders may be unwilling to support such sizeable term lengths on an interest only basis and may often decline applicants with no previous mortgage history available.

The broker contacted their Specialist Finance Account Manager, Davey Gurm, to see what could be done to help. Although we wouldn’t usually lend on a repurposed public house, the property had been converted almost 10 years ago and therefore it was established in its current use and layout for sometime creating comfort from a security risk perspective. Despite the client not having any properties with a mortgage, their successful portfolio size and background credit checks reassured us that they were experienced and had a very good understanding of managing their portfolio and personal finances.

The case was supported by senior underwriters who presented to our Group Head of Underwriting for exception approval. Consequently, the case was approved much to the delight of a very happy borrower.

Facebook LinkedIn Twitter

Recommended case studies

Discover how InterBay could help you

Speak to your specialist finance account manager to see how we could help with your next case.

erroriconPlease enter valid postcode


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.

green alert icon

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.