InterBay has reduced rates across its limited edition commercial mortgage and semi-commercial ranges, cutting up to 50 bps from its 2-year fixed and 20 bps from its 5-year fixed.

InterBay has structured a £17.5m interest-only residential investment remortgage on a 103-unit South East apartment scheme, working with broker SPF Private Clients.

InterBay has completed a £3.8m commercial refinancing facility in Central London, allowing a client to fund the construction of two new residential rental properties.

InterBay updates six commercial lending criteria, boosting flexibility for brokers and landlords.

The new deal secured a lower rate than the client’s previous lending arrangements.

Selected commercial rates start from 6.54% with a 5% fee.

The transaction was secured at 65% LTV using investment value instead of vacant possession value.

Due to its size and complexity, the case was presented to the Transactional Credit Committee.