Interbay commercial launches high net worth
Margins from 4.95% over three month LIBOR are available up to 70% loan to value for semi-commercial while margins from 5% over 3 month LIBOR are available for 65% LTV and 5.25% at 70% LTV for commercial products.
Colin Bell, chief executive of InterBay Commercial, said: “Once again I am delighted to announce some further product enhancements that will add real value to the proposals that our key partners are putting forward to their clients. For borrowers with larger loans and demonstrable assets I have further reduced the pricing by up to 0.65%.
“The new high net worth products apply to both buy-to-let, semi- commercial and commercial lending. InterBay has recently undertaken a review of all of its products and services and this change today is another positive step for the business.”
For specialist buy-to-let high net worth borrowers margins from 4% over three month LIBOR are available for 65% LTV and 4.25% at 70% LTV.