The new 4 and 5 year fixed rate products are available up to 75% LTV in two price bands and include a reduced arrangement fee of 0.25% for existing InterBay borrowers.
For loans above £500,000, 4 year fixed rates start at 5.30% up to 65% LTV and 5 year fixes start at 5.70%.
For loans below £500,000, the 4 year fixed rate starts at 5.60% up to 65% LTV while the 5 year fix starts at 6.00%.
InterBay says its new range has been delivered in response to significant demand from its key partners for fixed term options, particularly longer term fixed products.
Andy Reid, National Key Account and Relationship Manager, said:
“These new fixed rate products provide wider choice to our partners giving additional options for their clients who are seeking the peace of mind that fixed rate products can provide.
John Eastgate, Sales & Marketing Director, OneSavings Bank, added:
“The inclusion of the new range of fixed rate products reinforces InterBay Commercial as a real leader in terms of product innovation, partnerships and its professional approach to the Commercial finance market.”
