Financial Services Industry
Industry: Email Alert RSS FeedInterbay cuts LTV rates.(limit the volume)(Brief article)
Financial Adviser, March, 2008 by Milner, Leah
Interbay Commercial has introduced new measures in order to limit the volume of new business it does in current market conditions.. Leah Milner
Interbay Commercial has cut maximum loan-to-values and restricted criteria in a bid to control business volumes, the company said.
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The self-cert commercial lender recently revealed it was introducing measures to limit business volumes due to current market conditions. As part of the strategy it restricted its distribution to selected broker and packager partners and has now announced it is cutting its maximum loan-to-value from 85 per ...
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