Price adjustments apply to the lender’s Core and Select product ranges
InterBay, part of specialist lender OSB Group, has announced rate reductions across its semi-commercial product range, providing support to both purchasers and remortgagers.
The rate cuts apply to the lender’s Core and Select product ranges, impacting two- and five-year fixed semi-commercial products at loan-to-value (LTV) ratios of 65% and 75%. The Select range, available to a range of brokers, is also accessible through Select partners.
The new pricing structure sees rates of the recently launched semi-commercial products start from 6.44% for both two- and five-year fixed terms at up to 65% LTV.
InterBay has also lowered the minimum loan requirement for its Core range to £200,000.
“We’re delighted to be lowering rates across semi-commercial products,” Adrian Moloney (pictured), group intermediary director at InterBay. “Our newly created commercial investments team are real subject matter experts in this field, truly understanding the differing variables that make up the full semi-commercial case picture.
“The team work closely with the in-house real estate and underwriting departments right from the outset, which helps overcome any potential challenges early on in the process. InterBay is renowned for this excellent service so that, teamed with the new rates and pricing, makes InterBay a really strong option.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
