InterBay, part of OSB Group, has reduced rates across semi-commercial products for purchase and remortgage.
InterBay’s Core and Select ranges includes reduced rates across two-year and five-year fixed semi-commercial products available at 65% LTV and 75% LTV. The Select range is available to a range of brokers but can also be accessed via a Select partner.
InterBay’s new rates have been reduced by 40bps, starting from 6.44% for two and five-year fixed up to 65% LTV. The minimum loan requirement across the Core range has also been reduced to £200,000.
Adrian Moloney, group intermediary director of InterBay, said: “We’re delighted to be lowering rates across semi-commercial products. Our newly created Commercial Investments Team are real subject matter experts in this field, truly understanding the differing variables that make up the full semi-commercial case picture.
The team work closely with the in-house real estate and underwriting departments right from the outset which helps overcome any potential challenges early on in the process. InterBay is renowned for this excellent service so that teamed with the new rates and pricing makes InterBay a really strong option.”
Jo Breeden, managing director of Crystal Finance, added: “Having worked with InterBay over numerous years, the service they provide on cases is second to none. This has been highlighted by their recent ‘Commercial Lender of The Year’ win at our awards recently. With lower rates across their semi-commercial offering, this really enforces InterBay as the go-to commercial lender.”