InterBay cuts rates on commercial and semi-commercial ranges

InterBay has dropped its rates and raised LTVs to help investors make the most of new commercial opportunities in 2022.

The lender has cut rates by up to 50 basis points across all of its semi-commercial and commercial products and expanded the number of asset classes it will consider.

Product snapshot:

  • a reduction of up to 50 basis points on two-, three- and five-year fixed rates, from 4.69%
  • up to 75% LTV

Investors can also choose loans on an interest-only basis.

All trail ERCs have also been removed and borrowers now only need to provide three months’ proof of rent.

“We’re ready for a strong commercial market in 2022 and, to help support investors with their business plans, we’ve developed a range of products which offer a wide choice of lending solutions,” said Emily Hollands (nee Machin), head of specialist finance at InterBay (pictured above). 

“Brokers applying for one of our mortgages will benefit from a personalised, flexible approach, delivered in partnership with our specialist finance account managers and aided by our in-house real estate team which has many years of experience supporting complex cases.

“We’re starting the year as we mean to go on, and this is only the beginning of what we’ve got planned for the coming months.”

Jo Breeden, managing director at Crystal Specialist Finance, added: “InterBay are widely acknowledged as ‘case solvers’, as their specialist in-house teams have so many years of knowledge and experience between them and they work closely with their broker partners to deliver innovative, tailored solutions for semi-commercial and commercial cases.  

“Their hands-on approach means that they can get deals done that other lenders may struggle with, and their upfront decision process gives us and our clients peace of mind that once a case has been accepted, it will complete.”

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