Specialist lender InterBay has reduced rates across its commercial and semi-commercial mortgage range.
Pricing has also been simplified through the introduction of a three-tier rate structure linked to property yield, replacing the existing prime and standard rate approach, with pay rates now starting from 4.89% for commercial and 4.29% for semi-commercial and feature standardised pricing irrespective of loan size, as well as fewer loan-to-value bands.
Yields will be calculated by dividing market rent by market value based on vacant possession and, even where a property is high yielding, nearly all rates are lower than now.
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