InterBay extends bridging to whole broker panel

InterBay extends bridging to whole broker panel

InterBay Commercial is widening its residential investment and commercial bridging finance proposition to its entire broker panel, following a pilot last year.

Rates start from 0.44% per month.

InterBay has also new partnerships with mortgage clubs 3mc and Buy To Let Club, whose brokers will now have access to the new bridging proposition as well as InterBay’s wider range of commercial and specialist buy-to-let products.

Adrian Moloney (pictured), sales director of OneSavings Bank, InterBay Commercial’s parent, said: “Demand for bridging loans grew by almost 40% between Q3 2016 and Q3 2017, and 2018 is promising more of the same. With such strong demand across the industry, we’re not planning to take our foot off the gas, especially after such a positive response to our trial.

“There’s clearly a lot of appetite amongst brokers for tailored products that will help their clients’ bridge quickly and efficiently, so I’m also very happy to announce that we’re now able to offer this proposition through our new partners 3mc and Buy To Let Club as well as our current partners on the  InterBay broker panel.”

Doug Hall, director of 3mc, added: “We are thrilled to be partnering with InterBay, demonstrating 3mc’s continued support for directly authorised intermediaries.  InterBay’s strength and innovative spirit are evident in their new bridging proposition.

“Taken in conjunction with their existing range of commercial and specialist buy-to-let products, it provides wider choices for our customers and coupled with their customer centric approach is hard to beat.”