With effect from today, SimplyBiz Mortgages has added specialist lender InterBay Commercial, part of the OneSavings Bank Group, to its panel. Its members now have access to commercial and semi-commercial lending, buy-to-let and HMO, and bridging loans.
With higher LTVs and extended loan terms available, as well as lending on vacant property, preferential rates for loans of over £1M and lending on investment value being available as a consideration, this new lender partner to the panel 'offers SimplyBiz Mortgage Members more choice and flexibility in the specialist lending areas'.
Martin Reynolds, Chief Executive Office at SimplyBiz Mortgages, commented:
“We are very pleased to welcome another part of the One Savings Bank Group to our panel, having held long established relationships with other parts of the group for a number of years.
“As more advisers look for support from specialist lenders to assist in meeting their clients’ more complex requirements, we feel that InterBay will prove to be an excellent addition to the panel. Its highly attractive lending solution complements those already available within our specialist lending panel, and its competitive rates and manual underwriting will add to the positive experience felt by all parties involved.”
Adrian Moloney, Sales Director, OneSavings Bank, added:
“I’m delighted to be offering SimplyBiz Mortgages Members access to InterBay’s full range of products, underpinned with our extensive expertise and understanding of complex borrower types. Our well established nationwide team of Business Development Managers are supported by experienced underwriters, including a dedicated bridging team, which is on hand to assess every case and provide guidance for a variety of complex lending opportunities.”
“Members will also be able to take advantage of our new streamlined process with regards to our competitive bridging solutions which will enable them to respond faster to their clients’ needs.”