InterBay launches fixed BTL range
For loans above £500,000 65% loan-to-value 4-year and 5-year fixes stand at 5.30% and 5.70%, while below that sum they stand at 5.60% and 6.00% respectively.
Andy Reid, InterBay’s national key account and relationship manager, 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.”
InterBay Commercial is part of OneSavings Bank, based in Kent.
John Eastgate, sales & marketing director at OneSavings Bank, added: “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.”