InterBay Commercial has launched a semi-commercial offering on two-, three-, and five-year fixed rates.

The product is available at up to 70 per cent LTV and for a two-year fix rates start at 4.79 per cent, for a three-year fix at 4.99 per cent and for a five-year fix from 4.99 per cent.

At each fix the fee is set at 1.25 per cent or 1.25 per cent for existing customers, and the minimum loan size is set at £125,000.

An interest-only option is available, says InterBay Commercial.

OneSavings Bank group sales director Adrian Moloney says: “This is an exciting range for InterBay Commercial and something I know our broker partners have been asking for.  It was really important that we followed a structured approach to ensure we could fulfil market requirements and be transparent on the parameters around which we can confidently do business.”

“Let’s be clear, these are still testing times, however with the experience and knowledge that InterBay Commercial brings to its intermediary broker partners, we’re absolutely confident that now is the right time to bring this semi-commercial offering to the market”.

Brightstar Financial chief executive Rob Jupp adds: “InterBay Commercial has an unparalleled breadth of expertise in the semi commercial space and it’s great to see them launch such a strong and enhanced proposition.

“It’s essential for us as brokers to be able to access the best deals for our clients and in my experience, InterBay can always be relied upon for their clear and consistent decision making.”