Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured

Time: 0:0

InterBay loosens criteria

19 May, 2015

By: Robyn Hall

category: Commercial, Residential, Secured, Short Term

0

InterBay has loosened its criteria by allowing its underwriters to waive the need for bank statements after receiving feedback from its key partners.

InterBay has also eliminated the valuation review, which it said would reduce processing times by up to 48 hours.

It will now finance buy-to-let properties owned by trading companies, while for repeat borrowers taking out a mortgage after 12 months InterBay will just require application forms, a valuation and confirmation in writing that their circumstances have not changed.

Andy Reid, InterBay’s national key account and relationship manager, said: “Listening to our brokers is central to the InterBay culture, and we pride ourselves on how we take action to respond to their feedback and evolving needs.

“Improvements to our processing and lending criteria is already generating a positive response from our Key Partners, having a positive impact on brokers’ client relationships.”

InterBay has also changed its legal processes with a real time update service.

Colin Bell, product and new business director of InterBay, said: “Transparency between lawyers and brokers is essential to any market leading completion process.

“Being able to provide brokers with up to date information allows them to keep their clients fully informed, leading to a smoother completions process, and ultimately a stronger client relationship. We have no doubt that this will be a popular addition to our offering.”


Tags: buy-to-let, InterBay

Recent News

Second charge lending up £13.4m

24 November, 2021

Selina Finance ups second charge LTV

22 November, 2021

Pepper Money completes largest second charge securitisation

18 November, 2021

Ryan McGrath exits The Loans Engine

03 November, 2021

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Morwell Pokies Opening Hours - 24 Pokies Casino No Deposit B...

20 August, 2021

  • 0

Uptown Pokies No Deposit Codes 2021 | Casinos related to Upt...

20 August, 2021

  • 0

The Top Online Pokies And Casinos In Australia | 5 dragons p...

20 August, 2021

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© CEDAC Media: Our Privacy and Cookies Policy

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login