The firm – which was acquired by OneSavings Bank in 2012 – now offers pay rates starting from 4.89% for commercial and 4.29% for semi-commercial.

Pricing has also been simplified through the introduction of a three-tier rate structure linked to property yield, replacing the existing prime and standard rate approach.

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Yields will be calculated by dividing market rent by market value based on vacant possession. 

Darrell Walker, head of sales for second charge and commercial at OneSavings Bank, said: “We’ve taken a fresh approach to the pricing of commercial and semi-commercial loans by rewarding a quality asset with pricing based on yield, even if the property is vacant.

“The adoption of this new pricing model and its simplicity reflects broker demand for more appropriate finance for better quality commercial and semi-commercial properties.”