The new rates apply immediately across all new lending.

Heavy refurbishment loans have been reduced by 72bps to 0.83% pm at 80% LTV.

26% of flatsharers spend more than 50% of take-home pay on rent

This latest deal follows the completion of an £11.4m hybrid facility on a luxury apartment scheme in Hove.

The announcement follows last week’s completion of the Braccan Mortgage Funding 2025-1 deal, which secured £550m in funding.

Credit Restore LTV limit raised from 70% to 75%

HMO and MUFB fixed rates cut by up to 0.35%

The facility includes a five-year term amortised over 20 years and was drawn down within three weeks.

The deal marks the fourth property financed for the borrower through InterBay.

Small HMO/MUFB two-year fixed rates have been reduced by as much as 0.60%, beginning at 3.89%.