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InterBay Commercial reintroduces 80% LTV BTL deals
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Precise and InterBay relaunch higher LTVs and add new products
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InterBay Commercial has become the latest lender to join Propp’s panel of lenders.
Propp is a comparison site that specialises in bridging, development and commercial finance whilst InterBay is a well-known brand in the market.
Paul Elliott, managing director at Propp, said: “It’s crucial that businesses across the UK are once again able to look to the future after what has been a very difficult twelve months for most.
“We’re pleased to see the commercial market start to move again and Interbay Commercial joining the platform with a renewed appetite will send a signal to the rest of the industry to follow suit.
InterBay Commercial has launched a range of holiday let products with rates starting from 3.84%.
The lender, which is part of the OSB Group, said the products are aimed at personal ownership and limited company landlords looking to let out properties on a short-term holiday let basis to meet the recent growth in demand.
The range, which is available in England and Wales, starts at 3.84% with loan-to-values (LTVs) of up to 70% and a choice of either a two or 5-year fixed rate product. Loan sizes range from £50k up to £1m, with no maximum property value. An interest-only option is also available.
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