YBS Commercial Mortgages reduces interest rates


Mike Davies

YBS Commercial Mortgages is kicking off the new year with some positive changes to its range, in a bid to support portfolio landlords.

The commercial lender has significantly reduced its interest rates, with 0.91% knocked off its corporate buy-to-let five-year fix, available to clients borrowing up to 65% loan-to value (LTV).

Effective now, landlords will benefit from a fixed rate of just 4.99% (was 5.90%). And for clients borrowing up to 75% LTV on a five-year fix, rates are reduced to 5.35% (was 6.25%).

The lender’s specialist house of multiple occupancy (HMO), and holiday lets products are also included in the changes, with rate cuts of 0.90%.

This reduces the rate on the HMO offering to 5.50% (was 6.40%), and the holiday lets product to 5.55% (was 6.45%). Both are available up to 75% LTV.

All products are available on loans of up to £15 million, with arrangement fees of 2% of the total loan value.

A further highlight is the significant rate reduction to the five-year fixed rate semi-commercial product, designed specifically for part-residential, part-commercial assets, to 6.25% (was 6.79%) available on loans of up to £5 million, to 70% LTV.

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

“We recognise the challenges landlords have faced when it comes to making their investments affordable in the current climate.

Now that we’re seeing changes in swap rates and better stability in the market, and having listened to feedback from our broker partners, we’re really pleased to be able to respond to this and reduce rates across our buy-to-let range.

Including specialist products in these changes, like HMO and holiday lets, will maintain their competitiveness and help us to continue to serve the market in these much-needed areas.

Reducing rates on our semi-commercial product helps us to support investors who rely on diversified income streams, and hopefully helps maintain the variety of options and good value which property investors need now more than ever.”