YBS Commercial cuts buy to let mortgage rates


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

YBS Commercial Mortgages has made some positive changes this week – effective now – to benefit brokers and their clients.

The commercial lender has cut rates by 0.30% on its buy-to-let range for commercial landlords borrowing under £1 million, and by 0.20% on products for those borrowing £1 million or more.

The lender’s specialist Holiday Lets and Housing of Multiple Occupancy (HMO) products have also been discounted by 0.20%, taking their rates to 6.35% (was 6.55%) and 6.30% (was 6.50%) respectively.

Commercial investors are also set to benefit, as the commercial investment five-year fix, launched just this year – available for loans on retail, office, industrial, warehousing, quality leisure facilities and other kinds of commercial property – has also reduced by 0.20%.

The five-year fixed rate semi-commercial product, designed specifically for part-residential, part-commercial assets, has also seen its rate reduce to 7.10% (was 7.30%) up to 60% LTV; and 7.15% (was 7.35%) to 70% LTV.

Other highlights of the new range include:

  • A five-year fix for buy-to-let clients borrowing up to 65% LTV, at a rate of 5.90% (was 6.20%) on loans of under £1 million, which comes with a 2% fee
  • A five-year fix, also for buy-to-let clients needing up to 65% LTV, at 5.05% (previously 5.25%) for loans over £1 million, which comes with a 5% fee
  • And a five-year fix at 75% LTV, suitable for loans on commercial properties, at a rate of 7.49% (was 7.69%), which comes with a 2% fee.

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

“We’re really pleased to reduce rates across our suite of products, following a drop in swap rates.

These changes reflect our commitment to keeping brokers informed about rate changes, adjusting our pricing and passing on the benefit of market fluctuations wherever possible to brokers and their clients, and ensuring that we retain our competitive edge.”