InterBay Commercial, part of the OneSavings Bank PLC Group is looking to accelerate completions in October with a borrower incentive.
Darrell Walker, Head of Sales for Commercial and Second Charge Lending, “2016 has seen InterBay launch a number of successful pricing, product and service enhancements resulting in us offering a suite of very attractive and competitive products in our niche, alongside an unrivalled formal offer to completion service. We are looking to make Q4 of 2016 a record period for InterBay and therefore, for qualifying completions in October 2016, our solicitors Paris Smith LLP, for whom we receive superb feedback, have agreed to reduce their lender legal fees by 25% and if they also act for the borrower under Dual Representation, borrower legal fees will also be reduced by 25%, offering savings directly for the borrower”. T&C’s will be issued to our Key Partners later today
“InterBay is serious about closing loans and this borrower incentive will help drive faster completions to the benefit of the Introducers and Key Partners by offering discounts to the borrowers. I look forward to October being a record month ever for InterBay.”
Stuart Allen, Partner at Paris Smith LLP adds: “We are delighted to support the incredibly efficient team at InterBay with legal services designed to overcome the timescales commonly associated with commercial and Buy to let lending. The Property Finance team at Paris Smith will strive to meet the most challenging of turnaround times from offer to drawdown and we are very happy to inject additional impetus during October with a reduction in legal costs.”