Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

InterBay Cuts Commercial Mortgage Rates and Removes EPC Restrictions

InterBay has announced a series of changes to its commercial mortgage products, including rate reductions and the removal of Energy Performance Certificate (EPC) restrictions. These updates are intended to give brokers greater flexibility when structuring deals for borrowers.

The lender has cut rates across its owner-occupier commercial mortgage range by up to 40 basis points. This adjustment is designed to strengthen InterBay’s competitiveness, particularly for loans above £2.5 million, where borrowers can now access cheaper deals.

InterBay has also improved its price positioning at lower loan-to-value (LTV) tiers. This aims to support a broader range of client profiles and risk appetites, making the lender’s offering more accessible to different types of commercial property investors and business owners.

A significant change for letting agents and inventory clerks is the removal of EPC-related restrictions from InterBay’s commercial mortgage products. This simplification is expected to make it easier to progress cases across a wider variety of property types, potentially speeding up transactions and broadening the pool of eligible properties.

These enhancements are part of InterBay’s efforts to provide brokers with more clarity and confidence in structuring commercial mortgage deals, reflecting the varied needs of the current market.