InterBay launches BTL range with reduced rates

Jake Carter

October 7, 2021

rental yields btl

InterBay Commercial, part of specialist bank OSB Group, has launched a buy-to-let (BTL) product range with all rates reduced by 0.25% and all trail ERCs removed.

Key product highlights include 2-year fixed rates from 3.99%, 5-year fixed rates from 4.19% and multiple properties accepted on a single loan.

As well as this, it will accept up to 80% loan-to-value (LTV) with no maximum loan amount and no maximum property value.

LLP, SPV, trading companies, trusts and other complex ownership structures are also accepted.

Emily Machin, head of specialist finance at InterBay Commercial, said: “It’s apt that as the industry celebrates 25 years of buy to let, that this product launch marks our absolute commitment to the buy to let market.

“We’re certainly looking forward to creating tailored business solutions for our broker partners. We’ve earnt a strong reputation for building robust relationships and delivering innovative buy-to-let solutions for complex and multifaceted deals and this launch means we’ll be able to do even more.

“We recently completed on a £30m portfolio deal with SPF Private Clients, which is a great example of how our expertise with high-value cases and complex ownership structures enables our broker partners to achieve the best outcome for their clients.”

Mark Harris, chief executive of SPF Private Clients, added: “We’re always impressed with the genuine care and consideration that the InterBay Commercial team takes with every deal, ensuring that the client’s needs are front and centre, no matter how big, small or complex the case may be.

“This is the reason why we’ve built up such a strong and trusting partnership with them.”

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