Finance

InterBay closes buy to let lending deal

By 2023-08-22T08:35:00

Marc Callaghan2RS

InterBay has completed a remortgage deal allowing a property investor to pay off its development loan on 28 units above a retail parade in Hemel Hempstead.

The loan of £4.575m was made to an unnamed company that is a wholly-owned subsidiary of the investor’s development company. The finance was advanced at 75% LTV, fixed at 4.99% for five years.

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