InterBay Commercial has launched a new fixed rate product into the market.

Available at up to 65 per cent LTV, it comes in two-, three-, and five-year fixed versions and rates start at 5.74 per cent.

The minimum loan size has been set at £150,000 and for property values over £2m, InterBay asks brokers to speak to their respective BDM.

As with the lender’s recently released semi-commercial product, it is offering a 0.25 per cent reduction in the 1.5 per cent fee for existing borrowers.

Interest-only options are also available

OneSavings Bank group sales director Adrian Moloney says: “InterBay Commercial is back to doing what it does best, offering its intermediary partners a range of commercial, semi-commercial and BLT propositions, fully supported by an award-winning business development team.”