InterBay Commercial has launched new fixed rate mortgage range for buy-to-let lending.
The new four and five-year fixed rate products are available up to 75% LTV in two price bands and include a reduced arrangement fee of 0.25% for existing InterBay borrowers.
The new range features:
For loans above £500,000
- Four-year fixed rate starting at 5.30% up to 65% LTV
- Five-year fixed rate starting at 5.70% up to 65% LTV
For loans below £500,000
- Four-year fixed rate starting at 5.60% up to 65% LTV
- Five-year fixed rate starting at 6.00% up to 65% LTV
Andy Reid, national key account and relationship manager, said: “These new fixed rate products provide wider choice to our partners giving additional options for their clients who are seeking the peace of mind that fixed rate products can provide.”
John Eastgate, sales and marketing director at InterBay Commercial’s parent, OneSavings Bank, added “The inclusion of the new range of fixed rate products reinforces InterBay Commercial as a real leader in terms of product innovation, partnerships and its professional approach to the Commercial finance market.”