InterBay Commercial revamps product range

InterBay Commercial has revamped its product range as part of its plan to reduce business volumes.

The maximum LTV on its products is now 70%, with the minimum loan amount now at £100,000 and proc fee at 1.5%.

The lender will consider property types, including semi-commercial, offices, retail outlets, doctors and dentists, and day care nurseries.

The range is being offered through a panel of key partners.

Colin Bell, managing director of InterBay, says: “’Even though we are having to control our business volume levels, we won’t do this at the expense of a good product for commercial mortgage borrowers.

“This move will ensure that we are in strong position for both intermediary and client needs once normal conditions resume’’.