InterBay has cut rates across all of its semi-commercial and commercial ranges, is providing investors with the option to choose products on an interest-only basis and also expanded the number of asset classes it will consider.

All trail ERCs have also been removed and borrowers now need to provide three months’ proof of rent.

The lender has reduced rates by up to 0.50 percentage points on two, three and five-year fixed rates from 4.69%.

Its maximum LTV has been increased up to 75%.

Emily Hollands (pictured), head of specialist finance at InterBay, said: “We’re ready for a strong commercial market in 2022 and to help support investors with their business plans, we’ve developed a range of products which offer a wide choice of lending solutions.

“Brokers applying for one of our mortgages will benefit from a personalised, flexible approach, delivered in partnership with our specialist finance account managers and aided by our in-house Real Estate team which has many years of experience supporting complex cases.

“We’re starting the year as we mean to go on and this is only the beginning of what we’ve got planned for the coming months. We’re really looking forward to creating more positive business outcomes for our broker partners and their clients.”