InterBay refreshes commercial range with lower rates and fees
The commercial lender has also launched new limited edition products.
"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."
- Marc Callaghan, head of commercial lending at InterBay
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."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Budget
Budget: Government introduces mansion tax on high-value homes
Budget
Budget: Government introduces £2,000 salary sacrifice cap
Lifetime Isa
Budget: Lifetime ISA to be scrapped in favour of new first-time buyer ISA
Budget
Budget: Property income tax to rise by 2%
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%
