Interbay Commercial, the bridging finance, commercial mortgages and buy-to-let specialist finance provider, part of OneSavings Bank, has cut rates by up to 50 basis points, on its semi-commercial and commercial ranges.
Following these reductions, rates now start at 4.69% on two, three and five-year fixes. The maximum LTV has been raised to 75%.
The lender has also expanded the number of asset classes it considers, and removed all ERCs. In addition, borrowers now only have to provide three months’ proof of rent.
Emily Hollands, head of specialist finance at InterBay, said: “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.
“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.
Original article featured here…
Last October, Interbay relaunched its BTL range.