InterBay has reduced rates across selected limited edition commercial and semi-commercial mortgage products by up to 50 basis points as lenders continue to compete for business in the specialist market.
The specialist commercial lender, which is part of OSB Group, says the cuts apply across its commercial investment and semi-commercial limited edition ranges.
The changes include a 50bps reduction on selected 2-year fixed rate products and a 20bps reduction on five-year fixed deals.
The move comes as brokers continue to navigate volatile swap rates and heightened borrower sensitivity around pricing, particularly within the commercial investment market.
FAST-MOVING MARKET
Marc Callaghan (main picture), head of commercial lending at InterBay, says: “These rate reductions are another clear demonstration of our commitment to supporting brokers and their clients in a fast-moving market.”
He adds that the cuts will help brokers structure deals more confidently and improve outcomes for investors operating in the current environment.
He says: “We know how important pricing certainty is right now, and these cuts are designed to give brokers more flexibility and more opportunity to get complex cases over the line.”
