InterBay, part of OSB Group, has reduced rates across its commercial owner occupier range and selected semi-commercial products, with rates now starting from 5.34%.
Within its semi-commercial range, for properties with 55%+ residential value, new business rates have been reduced by up to 0.50%. These reductions are available across a choice of 1%, 2% or 4% arrangement fee.
In Interbay's semi-commercial range, two-year fixed rates now start from 5.34% and five-year rates from 5.89%.
Rate reductions have also been applied across the commercial owner occupier range with rates reduced by 0.20% with a choice of 1%, 2% or 4% arrangement fee. A wide range of asset classes are considered with no maximum loan amount or property value, offering greater choice for borrowers. Two-year fixed rates now start from 6.39% and five-year rates from 6.74%.
Marc Callaghan (pictured), head of commercial lending at InterBay, said: “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.”
