InterBay launches bridging proposition from 0.44%
InterBay Commercial, part of OneSavings Bank, has launched a commercial and residential bridging range for property investors with rates from 0.44%.
Products are initially available through a selected broker panel and will incorporate its existing range of short term lending options.
InterBay’s bridging range will lend up to 75% LTV on residential investment property and 70% LTV on commercial with terms up to 18 months.
Darrell Walker, Head of Sales, Commercial, commented: “InterBay’s entry into the Bridging market has been keenly awaited, and with the backing of specialist lending group OneSavings Bank, we’re delighted to offer our new proposition in partnership with brokers who are experts within this field.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
FCA
FCA announces new measures to support growth of mutuals sector