YBS Commercial Mortgages cuts rates

By Bridging Loan Directory 23rd September 2024

YBS Commercial Mortgages has made a number of positive changes across its product range this week, effective from today (Monday 23 September).

These include a discount of 0.05% on the commercial lender’s buy-to-let product range, meaning that landlord clients looking to purchase a property to rent out can now benefit from a competitive five-year fixed rate mortgage at 4.95% (was 5%) on loans over £1million, up to 65% loan-to-value (LTV), which comes with a 3% fee.

For landlords looking to fund a HMO (House of Multiple Occupancy) purchase or a holiday let, rates will also come down by 0.05%, and will now include a five-year fix suitable for holiday lets up to 75% LTV, at 5.60% (was 5.65%), with a 2% fee.

Also included is the lender’s semi-commercial range, available on loans of up to £5 million and designed specifically for part-residential, part-commercial assets.

Investors can now take advantage of a rate of 6.45% (was 6.60%) which is fixed for five-years, up to 70% LTV, with a 3% fee.

There are no changes to the lender’s commercial investment products, or to its owner-occupied product, launched earlier this year.

Angela Norman, interim managing director at YBS Commercial Mortgages, said:

“We’re so pleased to be able to reduce rates across these elements of our range, and this move demonstrates our continued commitment to supporting brokers and their landlord clients with their specialist lending needs, passing on reductions wherever we can and ensuring that we remain as competitive as possible.”