A commercial remortgage helped our client secure a more competitive rate, release capital for business growth, and complete within a tight deadline despite historic credit challenges.
Our client owned a well-established, owner-occupied restaurant in a desirable part of North London. With a property valued at £1.945 million, the business was trading successfully, but the client was looking to secure a lower interest rate and release capital to reinvest into future development and strengthen cashflow.
The objective was to raise capital at up to 75% loan-to-value (LTV) while completing within a tight timeframe to align with other financial commitments. However, the case presented several challenges. The client had historic credit issues, including a small number of missed payments during a difficult period following a divorce. In addition, the owner-occupied nature of the property limited the pool of lenders comfortable at higher leverage.
Through careful lender selection, we identified InterBay Commercial as an ideal fit — combining a flexible approach with a strong understanding of hospitality-based security. We prepared a detailed business case to demonstrate consistent restaurant trading performance, current financial stability, and sensible reinvestment plans for the capital raised. A loan of £1.4 million was secured for the client.
Thanks to close collaboration — including support from Ed Power at Paris Smith, Matthew Butt, and the InterBay underwriting team — the process progressed swiftly. Despite the credit background, the lender applied a pragmatic, common-sense approach, supported by solid business fundamentals and strong security.
This completion showcases how targeted commercial refinancing can unlock capital, improve rates, and support long-term growth, even when personal financial history adds complexity.
