Specialist lender InterBay, part of OSB Group, has reduced rates across its semi-commercial and commercial mortgage ranges.
Within InterBay’s commercial range, rates begin from 7.09% for a two-year fixed deal at 65% loan to value (LTV).
Across its semi-commercial product offering, pricing starts from 6.09%, which applies to a two-year fixed deal also at 65% LTV. Both options come with 5% arrangement fees.
The lender has also introduced products with 1% cashback.
Its limited-edition commercial products include a two-year fix at 75% LTV priced at 7.99%, while the five-year fixed option has a rate of 7.69%. Both have a 2% arrangement fee.
The limited-edition semi-commercial options include a two-year fix at 65% LTV with a 7.49% rate and a corresponding product at 75% LTV priced at 7.69%.
The equivalent five-year fixed products have rates of 6.89% and 7.09% respectively.
All the above deals have 2% arrangement fees.
Marc Callaghan (pictured), head of specialist lending at InterBay, said: “Now that we’ve reached a relative period of stability, it was the right time to review, enhance and expand the InterBay product range to provide improved options and solutions to our broker partners.
“Having successfully piloted the cashback option with our select partners earlier in the year, I’m pleased that we’re now rolling this out across our entire semi-commercial and commercial ranges.”
Callaghan added: “Underpinning this fantastic offering is our award-winning sales team, who are not only subject matter experts but recognised for their outstanding levels of customer service. This was highlighted in an independent survey commissioned by Smart Money People, where brokers shared their views on service delivery, and InterBay came top, which reflects our continued commitment to deliver the best outcome for our clients.”
Earlier this year, InterBay established a commercial investment team to support its commercial and semi-commercial proposition. The team was formed of specialist finance account managers with an aim to help clients diversify their investments beyond the buy-to-let (BTL) market.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
