Emily Machin

InterBay joins Propp's lender panel

InterBay Commercial has become the latest lender to join Propp’s growing lender panel.

The comparison site — which specialises in bridging, development and commercial finance and launched in November 2020 with over 40 lenders — welcomes the injection of optimism in the commercial space.

InterBay, which launched a new commercial offering and an enhanced semi-commercial proposition in November 2020, has lent more than £3bn to thousands of businesses in its 15 years of trading.

Emily Machin, head of specialist finance at InterBay (pictured above), said: “After a challenging year for the commercial market, it’s good to see things slowly return to some semblance of normality.

“At InterBay, our key focus is to serve our broker partners by carefully monitoring and assessing the market. 

“This enabled us to re-introduce product lines as soon it was viable, as well as reducing rates and launching new products, such as our recent holiday let proposition.

“Propp makes life easier for our borrowers and that’s something we’re more than happy to support.”

Paul Elliott, managing director at Propp, added: “It’s crucial that businesses across the UK are once again able to look to the future after what has been a very difficult 12 months for most. 

“We’re pleased to see the commercial market start to move again, and Interbay joining the platform with a renewed appetite will send a signal to the rest of the industry to follow suit.

“Now is the time to arm businesses with the finance they need to thrive, and Interbay’s commitment to pulling out the positives in an application and treating each case on its individual merits is the attitude needed across the lending landscape, and we’re proud to be able to facilitate that.”

In March, Propp welcomed Allica Bank to its fintech platform — the most recent of 13 new lenders which it had added to the system.

In issue 13 of the Bridging & Commercial Magazine, we interviewed Propp’s creators about its mission to improve choice, costs and timescales for borrowers, while raising the bar for the benefit of brokers and lenders alike, in a bid to drive the market into a new age of transparency. 

Leave a comment