InterBay rolls out new commercial and semi-commercial products with lower rates and fees
By Tara SammonsInterBay, part of OSB Group, has refreshed its semi-commercial and commercial offering, including new limited-edition products for purchase and remortgage.
Section: Products
For clients needing smaller loans with increased flexibility, a new core range has been introduced featuring lower 2% and 5% fee options and reduced rates.
The minimum loan size starts at £150,000 and is available up to 75% LTV.
In addition, there are also new semi-commercial options based on residential value and commercial products based on EPC ratings, with lower rates for C+.
The limited-edition products start at 6.94% for commercial and 6.19% for semi-commercial with a 3% fee.
Marc Callaghan, head of commercial lending at InterBay (pictured above), commented: “This is big news for InterBay as we’ve been working hard behind the scenes on our product range to ensure we’re offering value-add financial solutions to our broker partners.
“We’ve reduced rates, expanded our limited-edition products and increased our fee options so we’ve really tried to be as flexible as possible.”
Keywords: InterBay, OSB Group, semi-commercial, commercial, new products, reduced rates, lower fee options, core range, £150, 000, 75% LTV, EPC ratings