April Newsletter Essex 1920X507


InterBay’s flexible approach secures £5.5m semi-commercial remortgage deal

  • Semi-commercial deal worth £5.55m
  • 19 units with a mix of commercial and residential
  • 67% LTV over a 10-year interest only term

A semi-commercial investor contacted their broker, who’s previously worked with InterBay through one of our broker partnerships, about a remortgage case in Essex with a property value of £8.28m. The deal was 19 units, made up of 7 commercial units on the ground floor and 12 residential flats above. They were struggling to secure the funds as the case didn’t meet the criteria of many lenders.

The current occupancy made the case more complex as 4 of the commercial units were vacant and the case sat outside of InterBay’s semi-commercial criteria. Because of this, one of our Specialist Finance Account Managers presented the case to our internal Transactional Credit Committee, successfully securing an early confirmation as well as peace of mind for the client.

Our teams worked together with our broker partner to ensure a smooth process for the investor, which enabled us to drive the case forward and complete in just over two months. The deal was £5.55m at 67% LTV over a 10-year interest only term.

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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.