InterBay launches new bridging range
03 Aug 2023
InterBay, part of the OSB group, has launched Select Partners; a new proposition which offers exclusive access to its enhanced bridging range, improved criteria, and expedited service.
The bridging range includes semi-commercial and commercial bridging with rates from 0.89%.
The partners will also have exclusive access to new commercial pricing for properties with an EPC rating of C or above as well as a wider semi-commercial product range.
The product enhancements have been developed in response to the recent surge in semi-commercial and commercial property refurbishment activity and could be particularly attractive to investors looking to diversify.
Adrian Moloney, group intermediary director at OSB Group (pictured above), commented:
“Our new product range has been developed to satisfy the needs of complex profiles, so it made sense to launch them in conjunction with our [partner proposition].
“Due to the specialised nature of this type of business, the service [provided] needs to be specialised too, so we’ve allocated dedicated resource to support our partners and to ensure close collaboration.”
Doug Hall, director at mortgage packager, 3mc, added: “We’re delighted to be a Select
Partner with InterBay; it can be complex for brokers to navigate if they are time poor or not had much experience within the commercial market so this type of partnership makes total sense.
“With energy efficiency becoming increasingly important to our clients, mortgage
products which reward EPC ratings of C and above are very attractive.”