Interbay Commercial introduces high net worth products

This follows their recent announcement of significant price reductions across the whole of its range, further demonstrating their commitment to the growing the SME and Investor Markets.

The new pricing summary is:

Commercial High Net Worth Product:

- Margins from 4.95% over 3 Month LIBOR for 65% LTV & 70% LTV for Semi Commercial

- Margins from 5% over 3 Month LIBOR for 65% LTV &  5.25% at 70% LTV for Commercial

- Minimum loan size £500k

Specialist Buy to Let High Net Worth Product:

- Margins from 4% over 3 Month LIBOR for 65% LTV &  4.25% at 70% LTV

- Min Loan size £750k

- £500,000 to £5,000,000 and beyond by exception

Colin Bell, CEO of InterBay Commercial commented: 

“Once again I am delighted to announce some further product enhancements that will add real value to the proposals that our Key Partners are putting forward to their clients.  For borrowers with larger loans and demonstrable assets I have further reduced the pricing by up to 0.65%.

“The new High Net Worth Products apply to both Buy to Let, Semi- commercial and Commercial Lending.  InterBay has recently undertaken a review of all of its products and services and this change, today, is another positive step for the business.  With some further changes to come I am giving our Key Partners the best tools in this niche sector that will ultimately benefit their clients.” 

“InterBay is committed to being the lender of choice in our niche and with the other changes that will follow I am confident it is a view that will be shared with our Key Partners.  Our service proposition still remains the highest regarded in this niche and we will continue to strive to maintain this.”