Three month LIBOR increase
January 01 2020
From Wednesday 1 January 2020, the three month London Interbank Offered Rate (LIBOR), which is applicable to all InterBay products, will increase from 0.75% to 0.79%.
As a result, all variable products for new and existing customers will be subject to change in accordance with the new three month LIBOR rate and the products terms and conditions.
The good news is fixed product pay rates will not be increasing, including our limited edition buy to let and HMO range.
This is all part of our ongoing mission to provide our partners with the necessary support and stability when we can - especially through times of change.
To find out more about the changes, contact your senior business development manager for more information.