InterBay launches semi-commercial range
InterBay Commercial has launched a semi-commercial range.
The products are available up to 70% LTV and on 2-, 3- and 5-year terms.
Notable offerings include a 60% LTV 2-year fix at 4.79%, and a 70% LTV 2-year fix at 5.59%.
A 65% LTV 3-year fix at 5.39%, and a 70% LTV 3-year fix at 5.79% have also been added.
Moreover, 70% LTV 5-year fix at 5.79% has been introduced. All products within the range include a 1.5% fee, which drops to 1.25% for existing customers.
Furthermore, a key feature of the range is that commercial income can be considered alongside residential income.
Adrian Moloney, group sales director at OneSavings Bank, said “This is an exciting range for InterBay Commercial and something I know our broker partners have been asking for.
“It was really important that we followed a structured approach to ensure we could fulfil market requirements and be transparent on the parameters around which we can confidently do business.”
“Let us be clear, these are still testing times, however with the experience and knowledge that InterBay Commercial brings to its intermediary broker partners, we are absolutely confident that now is the right time to bring this semi-commercial offering to the market”.
Rob Jupp, chief executive of Brightstar Financial, added: “InterBay Commercial have an unparalleled breadth of expertise in the semi commercial space and it is great to see them launch such a strong and enhanced proposition.
“It is essential for us as brokers to be able to access the best deals for our clients and in my experience, InterBay can always be relied upon for their clear and consistent decision making.”