InterBay Commercial launches semi-commercial proposition

13 November 2020 | General

InterBay Commercial is launching a semi-commercial range for investors looking for mixed-use properties.

Products include a 70% LTV 2-year fix at 5.59%, a 60% LTV 3-year fix at 4.99%, as well as a 5-year fix at 5.39% to 65% LTV. All products come with a 1.5% fee, or 1.25% for existing customers.

Commercial income can be considered alongside residential income.

Adrian Moloney, group sales director, 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’s be clear, these are still testing times, however with the experience and knowledge that InterBay Commercial brings to its intermediary broker partners, we’re absolutely confident that now is the right time to bring this semi-commercial offering to the market.”

This post has originally been featured in Property Wire.