YBS Commercial cuts buy to let rates


Tom Simpson, Managing Director of Commercial Lending at Yorkshire Building Society (1

YBS Commercial Mortgages is refreshing its buy-to-let range this week in a move designed to support landlords.

The changes, effective today, represent the third time the commercial lender has reduced rates since the start of this year, despite the uptick in market rates since the start of the year.

The discounts include reductions of 0.15% on selected products in its core buy-to-let range. The specialist ranges for holiday lets and houses of multiple occupancy (HMOs) have also been reduced by 0.05%.

Highlights of the new range include:

  • A five-year fix for buy-to-let clients at 5.10% (was 5.25%) on loans over £1 million, up to 65% loan-to-value (LTV), with a 3% fee
  • A five-year buy-to-let fix at 5.30% (was 5.45%) on loans over £1 million, up to 65% LTV, with a 2% fee
  • A five-year fix for HMOs at 5.95% (was 6.00%) on loans over £500,000, up to 75% LTV, with a 2% fee
  • And a five-year fix at 5.90% (was 5.95%) up to 75% LTV, for clients purchasing a property as a holiday let, which has a 2% fee.

There are no changes to the lender’s 5% fee buy-to-let products, starting at 4.95%, or to its semi-commercial or commercial investment products.

Tom Simpson, managing director at YBS Commercial Mortgages, said:

“We are pleased to be able to reduce rates across our buy-to-let range, including on our specialist products, especially in the current climate, where rates generally have been increasing in line with market fluctuations.

These changes reflect our desire to pass on value wherever possible to our brokers and their clients, maintaining our commitment to supporting landlords in a challenging market.”