YBS Commercial Mortgages launches new 5.25% buy to let offer

By Bridging Loan Directory 17th October 2023

YBS Commercial Mortgages is making an array of positive changes this week to benefit brokers and their clients.

These include a new buy-to-let product, available for corporate buy-to-let clients borrowing more than £1 million at 65% LTV, which comes with a competitive rate of 5.25% fixed for five-years and a 5% completion fee – offering more choice to investors wishing to benefit from a better rate by paying a higher fee upfront.

The commercial lender is also cutting rates across its buy-to-let suite by 0.20% in a move designed to support commercial landlords, providing a more competitive product range.

Highlights of the new range include:

A five-year fix at 65% LTV at a rate of 5.95% (was 6.15%) on loans of over £1 million, which comes with a 2% fee

A five-year fix at 65% LTV at 5.75% (previously 5.95%) for loans over £1 million, which comes with a 3% fee
And a five-year fix at 75% LTV at 5.95% (was 6.15%) for loans over £1 million, with a 3% fee.

Rates on the lenders’ specialist buy-to-let product offerings have also been reduced.

This applies to the Housing of Multiple Occupancy (HMO) product and the Holiday Let products, which have been reduced by 0.20% to 6.50% and 6.55% respectively. Both products come with a 2% fee.

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

“The new buy-to-let product is inspired heavily by feedback from our brokers that lower rate, higher fee offerings are attractive to investors – offering them better choice, and helpful with affordability.

We’re also really pleased to be able to reduce our rates across the buy-to-let range following a downward trend in market swap rates.

These changes reflect our desire to remain as competitive as possible for all our brokers and customers in a challenging market.”