InterBay has cut rates across its fixed-rate semi-commercial products for both purchasers and those looking to remortgage.

Rates have been reduced by 40bps on its two and five-year fixed rates, at 65% and 75% LTV. At the lower LTV band rates now start from 6.44%. 

InterBay, which is part of specialist lender OSB Group, says these cuts apply to both its core and select product ranges. The select range is available to a range of brokers but can also be accessed via a select partner.

The minimum loan requirement across the core range has also been reduced to £200,000.

Alongside these rates cuts, InterBay group intermediary director Adrian Moloney highlighted the fact that the lender also recently created a new commercial investment team. 

He says the team works closely with the in-house real estate and underwriting departments from the outset, and understand the different variable that make up semi-commercial case picture, helping strengthen the lender’s proposition in this sector.