InterBay has cut commercial mortgage rates by up to 50 basis points, while Santander will be trimming some residential deals on Monday.

InterBay, which is part of OSB Group, has reduced prices within its semi-commercial range by up to 50 bps so that these now start from 5.34% for a two-year fix and 5.89% for a five-year fix.

The products have a choice of arrangement fees ranging from 1% to 4%.

It has also lowered rates by 20bps across its commercial owner-occupier range, with rates now starting from 6.39% for a two-year fix and 6.74% for a five-year fix. 

The range covers a wide variety of asset classes, with no maximum loan amount or property value.

At Santander, meanwhile, a number of residential rate reductions on deals for new customers will take place on Monday.

These include two-year fixed rate home mover products between 75% and 95% loan-to-value, which will come down by up to 10bps.

In the same range, three-year fixes will reduce by up to 10 bps and five-year fixes by up to 4bps.

Earlier this week Santander delayed its third quarter results while it assessed the impact of the car finance compensation scheme on its business.

Returning to the cuts at InterBay, its head of commercial lending Marc Callaghan says: “With demand rising, the commercial market is moving into a stronger position. 

“We’ve been able to move quickly to support our brokers and their clients with tangible benefits which include rate reductions, lower fees and more choice across our standard product ranges.”

Brightstar chief executive Rob Jupp adds: “Having seen the Bank of England base rate continue to come down throughout 2025, it’s great to see InterBay passing on these benefits to those investing in the future of high streets and commercial spaces.

“With investors moving in on high street properties, many are adding residential units along with retail spaces to maximise their use.”