The products are available on two, three and five-year terms up to 70% LTV. Rates start from 4.79% on a two-year fixed rate at 60% LTV. A five-year fixed rate of 5.79% at 70% LTV has also been added.
The minimum loan size is £150,000 and all products in the range include a 1.5% fee which is reduced to 1.25% for existing customers. Interest-only or owner-occupier will also be considered.
A notable feature of the range is that commercial income can be considered alongside residential income.
Adrian Moloney, group sales director at OneSavings Bank, said: “This is an exciting range for InterBay Commercial and something I know our broker partners have been asking for.
“It was really important that we followed a structured approach to ensure we could fulfil market requirements and be transparent on the parameters around which we can confidently do business.
“Let’s be clear, these are still testing times, however with the experience and knowledge that InterBay Commercial brings to its intermediary broker partners, we’re absolutely confident that now is the right time to bring this semi-commercial offering to the market,” he added.
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