InterBay unveils new BTL product range
By Tom WrightInterBay Commercial has launched a new fixed rate mortgage range for buy-to-let (BTL) lending.
Section: Mainstream
InterBay Commercial has launched a new fixed rate mortgage range for buy-to-let (BTL) lending.
The specialist commercial mortgage lender said the four and five year products are available up to 75% LTV in two price bands, with a reduced arrangement fee of 0.25% offered to existing borrowers.
Andy Reid, National Key Account and Relationship Manager at Interbay, 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.”
For loans below £500k, four and five year products are available starting at 5.3% and 5.7% respectively, and up to 65% LTV.
They are also offered for loans above £500k, starting at 5.6% and 6.0% respectively.
John Eastgate, Sales & Marketing Director at Interbay parent company OneSavings Bank, said: “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.”
Keywords: InterBay, Mortgage, Andy Reid, Loans, Marketing, Director, Borrowers, Commercial Finance, Products, LTV, Mortgage lender, product innovation
Source: BTL Insider — https://btlinsider.co.uk/interbay-unveils-new-btl-product-range