Speed is always of the essence when it comes to closing property deals, and our latest semi-commercial case was no exception.
Located in trendy Islington, the three-story Victorian mid-terraced property housed two retail units on the ground floor and four self-contained studio flats across the two floors above – each of which had pre-existing tenancy agreements.
Both parties worked together effectively to complete at pace. Solicitors were instructed at the earliest opportunity, and the case was underwritten alongside the longform valuation, which meant the deal could be completed ultra efficiently.
Our team were instrumental in ensuring the application process ran smoothly, acting promptly to deliver an impressive 65% LTV interest-only solution.
Marc Callaghan, Head of Commercial Lending, InterBay said “This case is a great example of just how quickly InterBay can act when everybody involved in a deal is on the same page and working as one team.”