Interbay Commercial adopts single tier approach to BTL and HMOs

Interbay Commercial has simplified it’s mortgage range for buy to let and houses of multiple occupation, adopting a single tier approach to pricing.

The changes made by the specialist lender, part of OneSavingsBank, will result in a reduction of up to 0.65 per cent for landlords borrowing less than £500,000.

Fees will remain at 1.2 per cent for loans above £1m, and 1.7 per cent below £1m.

Interbay Commercial head of sales, second charge and commercial, Darrell Walker, says: “We have a pool of expertise and experience that we have been able to draw upon to ensure that these changes strengthen InterBay’s competitive position and provide a significant price reduction to customers whilst minimising the impact on returns.”