InterBay has cut rates and raised loan-to-value ratios across all of its semi-commercial and commercial ranges.

The specialist lender says it has cut rates by up to 50 basis points on these products, giving investors the option to choose products on an interest-only basis and has expanded the number of asset classes it will consider.

It adds that all trail early repayment charges have been removed and borrowers now only need to provide three months’ proof of rent.

The firm says it now offers up to a 50 basis points reduction on two, three and five-year fixed rates loans from 4.69%, adding that its maximum LTV has been lifted to up to 75%.

InterBay Commercial specialises in commercial, semi-commercial and buy-to-let loans.

InterBay head of specialist finance Emily Hollands says: “We’re ready for a strong commercial market in 2022 and to help support investors with their business plans, we’ve developed a range of products which offer a wide choice of lending solutions.

“Brokers applying for one of our mortgages will benefit from a personalised, flexible approach, delivered in partnership with our specialist finance account managers and aided by our in-house real estate team which has many years of experience supporting complex cases.

“We’re starting the year as we mean to go on and this is only the beginning of what we’ve got planned for the coming months.”

InterBay, Precise Mortgages and Kent Reliance for Intermediaries are specialist lending brands of FTSE 250 lender OSB Group.