InterBay Gold Key Partner Product Range

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1 InterBay Gold Key Partner Product Range 85% Loan to Value for residential Buy To Lets with 110% DSCR InterBay Commercial's ground breaking residential buy to let product, using a rental cover calculation of just 110% with no loading or minimum rate. Standard product range Residential Buy To Lets, HMO's, Semi Commercial and Commercial products from 50,000 to 10 million. Lender fees are excluded from LTV. Refurb to Term Product The innovative new product that does away with the need for a separate refurbishment bridging loan. Lender fees are excluded from the LTV Refurb Product The innovative new product that gives the client a choice of either selling the property, refinancing elsewhere or moving to an InterBay term product. Lender fees are excluded from the LTV Legal Fee Scales InterBay's legal fees are deducted from the advance upon completion. Fees exclude VAT and disbursements Valuation Fee Scales Contents InterBay's valuation fees. All fees listed are inclusive of VAT. Page Visit [email protected] Free Page 1 of 6

2 85% Loan to Value for residential Buy To Lets with 110% DSCR To help your marketing for the remainder of the year Specialist Commercial Finance is pleased to announce, as one of InterBay Commercial's 'Gold Key Partners', an exclusive product enhancement/new product. Throughout the remainder of this year, InterBay plan to continue to enhance their proposition to ensure InterBay is the lender of first choice for product, price and service. InterBay's Buy to Let Proposition will now extend to 85% LTV. The finer points are as follows: Maximum LTV 85% Fees can only be added up to the 85% LTV Max 1,000,000 per property Pricing Above 75% to 80% 0.25% Loading, above 80% to 85% 0.5% Loading Arrangement Fee 2% Max 75% for New Build Flats All other Buy to Let terms remain the same 110% rental cover requirement still applies to 85% LTV Coupled with InterBay's generous 110% DSCR policy, this is a very positive enhancement to InterBay's market leading suite of products. InterBay Commercial has also provided Specialist Commercial Finance with their own dedicated Loan Manager, to ensure faster turnaround on our initial enquiries and quicker Conditional Offers. Visit Free [email protected] Page 2 of 6

3 Standard product range Buy to Let (up to 85%) HMO and New Build Flats (up to 75%) Loan size Rate * 75,000 1,000,000 3 month LIBOR + 1,000, month LIBOR + 65% 4.60% 4.20% 70% 4.65% 4.30% Loan to Value 75% 4.75% 4.40% LIBOR is 80% 5.10% n/a 0.75% 85% 5.35% n/a Semi Commercial Loan size 75, , ,000 + Loan to Value Rate * 3 month LIBOR + 3 month LIBOR + 55% 4.90% 5.25% 65% 5.10% 5.25% 70% 5.10% 5.40% 75% 5.80% 5.75% Commercial Loan to Value Loan size Rate * 55% 65% 70% 75% 75, ,000 3 month LIBOR % 5.65% 5.80% 6.25% 750, month LIBOR % 5.75% 6.00% 6.50% * 3 month LIBOR is subject to a minimum rate of 0.75% Location Excluded Property Types England and Wales Heavy industrial, petrol stations, religious property, hostels, Product details: bedsits, equestrian centres, public houses, agricultural Term properties, catteries, kennels, golf clubs, hospitals, mobile Minimum term available is 2 years. home parks, garden centres, telecommunication masts and Maximum term available is 30 years. all other uses within Classes A4, C2, C2A and D2 of the ERC (Early repayment charge) T & CP Use classes Order 1987 or those properties listed 3% in the first 5 years and 1% for the life of the loan. as Sui Generis. You may repay up to 10% of the balance of the term Sector Experience loan outstanding in any 12 month period without notice Minimum of 2 years relevant sector experience at and without incurring any Early repayment charge. managerial level or similar. Interest only option Credit History Available on all products: Good credit history is required at least 2 years with no Up to and including 10 year term no loading. adverse credit. 11 years to term loading of 0.5% on standard rate. Interest Rate Larger loans 1,000,000 to 15,000,000 HMO's subject to a 0.1% loading Loans will be considered subject to maximum Group Interest rate is margin plus Libor. exposure. Libor is a minimum of 0.75% and this applies until Libor Loans less than 75,000 gets to 3% at which point the minimum Libor rate becomes 2% loading on margin. 3%. The start rate on the individual loan is the lifetime Minimum DSCR floor for that loan. Subject to a minimum margin assumption of 4.25%. Margin cascades up for unusual cases 1 3%. Residential investment & commercial investment: Arrangement Fee / Booking Fee BTL 110% 1.70% (2% if 76% to 85% BTL) arrangement fee (of which Semi commercial and HMO 125% 0.25% booking fee is payable on acceptance of the offer Commercial 125% and is non refundable.) Owner occupier: The balance of the arrangement fee can be added to the Asset 110% (Market Rental Income) loan (without increasing the interest rate banding) or can Borrowers 125% (Net Profit / EBITDA) be deducted from the advance. Clients Additional 1% if loan is less than 75,000. Loans can be made to individuals, limited companies, LLPs, partnerships, trusts and pension schemes. Free Available for owner or investor Page 3 of 6

4 Refurb to Term Product Product Light refurb 60% LTV Light refurb 70% LTV Light refurb 75% LTV Rate % (per month) ** 0.65% 0.70% 0.80% Minimum Loan 100, , ,000 Maximum Loan 5 million 5 million 5 million Maximum LTV 60.00% 70.00% 75.00% Product Medium refurb 60% LTV Medium refurb 70% LTV Key Features Rate % (per month) 0.70% 0.75% Up to 6 months' interest roll up Minimum Loan 100, ,000 Revert to standard Buy to Let (Max 85% LTV) Maximum Loan 5 million 5 million Fee on reversion to term (only on extra funds) Maximum LTV 60.00% 70.00% **Rates calculated over a 12 month period (LIBOR subject to change every 3 months) Location England and Wales LIBOR is 0.75% Criteria: Definition LTV Refurb to term product. These products are not designed to be Refurbishment period 75% on original PP/MV (whichever the used for a bridging loan. lower). Undervalue transactions up to 80% may be considered Security subject to a detailed assessment by the Underwriting team (by All loans to be on a First Charge basis. Exception Only). Loan term (in accordance with BTL Policy at the Target Market time of the original advance) an updated full valuation is Borrowers with a demonstrable track record of successfully required at the end of the refurbishment period and prior to the undertaking similar schemes. transfer to a loan term. Extent of works Commercial Light or medium refurbishment works. Planning consent must Max 40% of MV can be commercial but must be pre let. be in place for the proposed works and/or change of use (where Arrangement Fee applicable) and that no load bearing structural alterations will 3%. The arrangement fee can be added to the loan (without be made to the property. The refurbishment works should not increasing the interest rate banding) or it can be paid on exceed more than 30% of the day one value/purchase price. completion. Any increase of loan on reversion will attract a net Light Refurb fee of 0.5% (i.e. net of proc fee). Decoration, replacement kitchens, bathrooms. ERCs Medium Refurb 3% in the first 5 years and 1% for the life of the loan. The Internal configuration changes of non load bearing nature, new borrower can repay 10% of the balance of the loan outstanding windows/doors, flooring, etc. Longer projects up to 12 months. in any 12 month period without notice and without incurring an ERC. 100,000 to 5,000,000; please note all loans above 750,000 Default Loadings will be reviewed by TCC at equivalent approval in principle stage If refurbishment works are not carried out in the agreed and may attract bespoke pricing. duration a default charge of 0.25% pcm will be applied (3% p.a.). Loan Term Commission Refurbishment period 3 12 months; Loan term 2 30 years. 1% Repayment Term Up to 6 months interest roll up, payments thereafter. Free Page 4 of 6

5 Refurb Product Product Light refurb 60% LTV Light refurb 70% LTV Light refurb 75% LTV Rate % (per month) ** 0.65% 0.70% 0.80% Minimum Loan 100, , ,000 Maximum Loan 5 million 5 million 5 million Maximum LTV 60.00% 70.00% 75.00% Product Medium refurb 60% LTV Medium refurb 70% LTV Key Features Rate % (per month) 0.70% 0.75% Up to 6 months' interest roll up Minimum Loan 100, ,000 Maximum Loan 5 million 5 million Maximum LTV 60.00% 70.00% **Rates calculated over a 12 month period (LIBOR subject to change every 3 months) Location England and Wales LIBOR is 0.75% Criteria: Definition Refurb product. Security All loans to be on a First Charge basis. Target Market Borrowers with a demonstrable track record of successfully undertaking similar schemes. Extent of works Light or medium refurbishment works. Planning consent must be in place for the proposed works and/or change of use (where applicable) and that no load bearing structural alterations will be made to the property. The refurbishment works should not exceed more than 30% of the day one value/purchase price. Light Refurb Decoration, replacement kitchens, bathrooms. Medium Refurb Internal configuration changes of non load bearing nature, new windows/doors, flooring, etc. Longer projects up to 12 months. 100,000 to 5,000,000; please note all loans above 750,000 will be reviewed by TCC at equivalent approval in principle stage and may attract bespoke pricing. Loan Term Refurbishment period 3 12 months Repayment Term Up to 6 months interest roll up, payments thereafter. LTV Refurbishment period 75% on original PP/MV (whichever the lower). Undervalue transactions up to 80% may be considered subject to a detailed assessment by the Underwriting team (by Exception Only). Loan term (in accordance with BTL Policy at the time of the original advance) an updated full valuation is required at the end of the refurbishment period and prior to the transfer to a loan term. Commercial Max 40% of MV can be commercial but must be pre let. Arrangement Fee 1.95%. The arrangement fee can be added to the loan (without increasing the interest rate banding) or it can be paid on completion. ERCs None Default Loadings If refurbishment works are not carried out in the agreed duration a default charge of 0.25% pcm will be applied (3% p.a.). Commission 0.75% Free Page 5 of 6

6 Legal Fee Scale Standard Commercial & Semi commercial Fees (Excluding VAT & disbursements) Up to 100k k 300k 1, k 500k 1, k 750k 1, k 1million + 1,950 Buy to Let + HMO Fees (Excluding VAT & disbursements) Up to 100k 650 * 101k 300k 750 * 301k 500k k 750k k 1million + 1,050 VAT and disbursements are payable in addition to the above * minimum 850 for Limited Company loans Valuation Fee Scale Additional Titles per property (plus VAT & disbursements) Loan size up to 500, ,000 to 1,000,000 1,000,001 and over The valuation fee is payable by the applicant prior to valuation instruction. The prices listed below are a guideline and may be subject to change. Fees are non refundable once the valuer has visited the property. All valuations above 1million are subject to negotiation. Standard Commercial & Semi commercial & HMO Buy to Let Estimated valuation or Total fee Estimated valuation or Total fee purchase price (including VAT) purchase price (including VAT) Up to 200k Up to 100k k 250k k 150k k 300k k 250k k 400k 1, k 500k k 500k 1, k 600k k 600k 1, k 750k k 700k 1, k 1million k 800k 1, k 900k 1, k 1million 1, Leisure and Health Properties to be valued on a trading or specialist basis i.e. Doctors and Dentist Surgeries, Health Centres, Large Hotels (typically 20 bedrooms +) and Gyms are to be valued by Specialist Valuers. The fee will be on a case by case basis but the minimum fee will be as per the Standard Commercial table above The legal fee and valuation fee scale 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. Rates correct from 1st September 2014 Free Page 6 of 6