YBS Commercial Mortgages improves buy to let mortgage criteria



YBS Commercial Mortgages is changing the criteria on its buy-to-let product to make it accessible to more landlords who are borrowing in their own name.

The commercial lender has removed the minimum threshold on the amount an individual landlord can borrow where they have at least six buy-to-let properties mortgaged (or to be mortgaged) with the lender, or eleven or more buy-to-let properties mortgaged with all lenders, including YBS Commercial Mortgages.

If a landlord does not fit one of these criteria, the lender will consider applications starting from £3 million.

Mike Davies, head of business development at YBS Commercial Mortgages, said:

“This change reflects our desire to close a gap, which has prevented us from helping as many borrowers as we’d like.

Previously, a landlord needed to have at least six properties with us, as well as to borrow at least £1.5million to be considered for a loan.

These changes widen the qualifying criteria to include more borrowers, which is great news.”