This follows its recent announcement of significant price reductions across the whole of its range, further demonstrating its commitment to growing the SME and investor markets.

Colin Bell, CEO of InterBay Commercial, part of the OneSavings Bank PLC Group, commented: “Once again I am delighted to announce some further product enhancements that will add real value to the proposals that our Key Partners are putting forward to their clients. For borrowers with larger loans and demonstrable assets I have further reduced the pricing by up to 0.65 per cent.

“The new high net worth products apply to both buy-to-let, semi- commercial and commercial lending. InterBay has recently undertaken a review of all of its products and services and this change, today, is another positive step for the business. With some further changes to come I am giving our key partners the best tools in this niche sector that will ultimately benefit their clients.” 

The new pricing summary is:

Commercial High Net Worth Product:

•  Margins from 4.95 per cent over three-month LIBOR for 65 per cent LTV and 70 per cent LTV for semi commercial;

•  Margins from 5 per cent over three-month LIBOR for 65 per cent LTV and  5.25 per cent at 70 per cent LTV for Commercial; and

•  Minimum loan size £500,000.

Specialist Buy to Let High Net Worth Product:

•  Margins from 4 per cent over three-month LIBOR for 65 per cent LTV and  4.25 per cent at 70 per cent LTV;

•  Minimum loan size £750,000; and

•  £500,000 to £5,000,000 and beyond by exception.

“InterBay is committed to being the lender of choice in our niche and with the other changes that will follow I am confident it is a view that will be shared with our key partners. Our service proposition still remains the highest regarded in this niche and we will continue to strive to maintain this.