InterBay has revamped its commercial offering, with moves that include, fixed-rate cuts of up to 20 basis points, lower minimum loan amounts and a new range of owner-occupier products aimed at brokers with commercial clients.
The specialist lender, part of OSB Group, says that its rate reductions mean that selected commercial products now start from 6.54%, while commercial rates start from 5.49%, both come with a 5% fee.
Other highlights include:
- A new commercial owner-occupier range
- Refreshed products for commercial investment
- Rates reduced by 20bps for selected products, including commercial owner occupier and semi-commercial properties with 55% or more residential value
- Minimum loan size reduced to £125,000 from £150,000 for standard products
InterBay head of commercial lending Marc Callaghan says: “Research suggests that of the UK’s industrial and logistics property market, 95% of the sector comprises small to mid-size units.
“This new range has a clear focus on owner-occupier opportunities, helping to support small- and medium-sized firms across this and other commercial sectors.
“This range comes with a choice of fee options, including up to 75% LTV across two- and five-year fixed products, providing financial solutions for a wide variety of businesses.”
