YBS Commercial Mortgages improves affordability on buy-to-let range


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

YBS Commercial Mortgages has made a significant change to its buy-to-let product range this week, which will increase the amount of funding available to borrowers.

The change, which has been implemented in response to broker and borrower feedback, affects the rates used to calculate affordability by taking a market-based approach.

This will allow customers to responsibly borrow more funds than they previously would have been able to.

The commercial lender, who provides a range of limited company buy-to-let mortgages tailored to support experienced portfolio investors, has seen significant growth this year.

Lending has increased by over 150% and a range of new products and process enhancements have been introduced.

The lender has also increased the number of relationship directors available to support borrowers and brokers by 50%, demonstrating the ambition of their plans.

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

“By making this change to our affordability criteria we’re significantly increasing the amount of money our borrowers can access, whilst ensuring we remain committed to lending responsibly, which is great news.

We are committed to providing our broker partners and borrowers with the best possible service in the commercial finance market.

The progress we’ve made has created a strong platform for us going forwards, and will bring even more enhancements to our offering. 2022 will be an exciting year.”