I’m pleased to share some exciting updates to our commercial and semi-commercial lending criteria at InterBay.  Following valuable feedback from brokers, we’ve introduced a range of enhancements aimed at providing greater flexibility and helping you place more cases with confidence.

Here’s an overview of what’s new:

Up to 75% LTV on market value

• We now lend up to 75% of market value (rather than defaulting to the lower of market value or vacant possession), enabling larger loan sizes on income-producing assets, subject to key criteria.

More competitive semi-commercial pricing

• Properties with over 50% residential use (previously 55%) are now eligible.

Greater flexibility on lease requirements  

• No minimum lease period where income can be evidenced
• Removal of the 60-month remaining lease term requirement at expiry

Improved acceptance criteria

• Cases considered where rental income supports vacant units
• Non-structural property improvements are now welcomed

Supporting new landlords

• We’ve removed the requirement for two years’ sector experience, making funding more accessible for new entrants.

These updates open up more opportunities across a broader range of cases, and we’re excited about the added flexibility they bring.  If you’d like to discuss how these changes could support your clients, please feel free to get in touch.