InterBay expands commercial lending flexibility with six broker-driven criteria updates

19 March 2026

Following in-depth consultation with its broker partners, InterBay, the specialist commercial lender and part of OSB Group, has enhanced its commercial and semi commercial criteria with six key changes. These updates reflect the insights and challenges shared by brokers and strengthen InterBay’s commitment to providing a more flexible and supportive lending experience.

1) Market value lending – unlocking bigger loans for more clients
InterBay will now lend up to 75% of market value, rather than defaulting to the lower of market value and vacant possession value. This change allows larger loan sizes on income-producing assets, provided the loan does not exceed 85% of vacant possession value and the valuer confirms a maximum 12-month letting and sale period.

The valuer's opinion of market rent will also be used as opposed to passing rent.

2) Mixed-use properties – cheaper pricing for borderline cases
Semi-commercial properties, where the residential split is more than 50% (previously 55%) will now qualify for lower semi-commercial pricing.

3) Minimum lease period – short leases made easier
Where a property is income producing at the point of origination, and this can be validated, the minimum lease period requirements have now been removed.

4) 60-month lease overhang – lease term limits lifted
The requirement for a 60-month remaining lease term at loan expiry, has now been removed.

5) Vacant units – now accepted on multi-unit assets
Cases will now be considered where there’s sufficient rent to cover vacant units. Non-structural works to enhance the property condition are also welcomed.

6) First-time landlords – fewer restrictions
To make it easier for new commercial landlords to access funding, the requirement for 2 years' relevant sector experience has been removed.

Marc Callaghan, Head of Commercial Lending, InterBay, said:

“These criteria changes are a direct result of listening closely to our broker partners and understanding the real world challenges they face when placing commercial and semi commercial cases.”

“Ultimately, these changes mean faster decisions, broader eligibility and more opportunities to place complex deals with confidence. We’re committed to evolving our proposition in step with broker feedback, and today’s updates are another crucial step in strengthening the way we do business together.”

Lucy Waters, Managing Director, Aria Finance, said,

“This is a strong move that reinforces InterBay’s role as a key partner in the commercial lending space. These enhancements show InterBay is serious about supporting brokers and their clients during more challenging times.”

“The move to market value lending and the easing of lease restrictions will unlock opportunities that simply weren’t viable before. It’s refreshing to see a lender act directly on broker feedback and make changes that will have a real, positive impact for our clients. It’s exactly the kind of pragmatic, solutions-led approach we need from all lenders right now.”