The lender has also reduced all commercial and semi commercial term product rates by 0.25%.
InterBay Commercial has introduced dual legal representation for bridging through panel solicitors Clarke Willmott, meaning the firm can act for both InterBay and the borrower for bridging loans up to £2m.
The lender has also reduced all commercial and semi commercial term product rates by 0.25%.
Darrell Walker, head of sales, InterBay Commercial said, “Brokers are at the heart of our business and we take their feedback seriously as evidenced by the introduction of dual representation for bridging which will help facilitate a faster turnaround and is a service enhancement that complements our dedicated in-house bridging team.”
“In conjunction with the commercial rate reductions, it shows InterBay’s commitment to providing innovative and flexible solutions for brokers no matter how simple or complex their cases may be.”
Peter Swinburn, Partner, Clarke Willmott LLP, said: ‘We are delighted to partner with InterBay to assist with its dual representation offering.
“We have worked hard to ensure our offering remains as competitively priced and efficient as our service delivery when acting solely for InterBay.
“We have carried out extensive research to benchmark our fees against other law firms providing a similar service, and are confident that our offering provides great value for the service provided.”
