InterBay refreshes commercial range with lower rates and fees

InterBay has refreshed its entire semi-commercial and commercial product ranges, introducing new limited edition products for both purchase and remortgage.

The limited edition products have rates starting at 6.94% for commercial and 6.19% for semi-commercial with a 3% fee which are suitable for clients needing larger loans. 

For clients needing smaller loans with increased flexibility, a new core range has been introduced which features lower 2% and 5% fee options and reduced rates. The minimum loan size is from £150k and 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+.

Marc Callaghan, head of commercial lending at InterBay (pictured), said: “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."