YBS Commercial Mortgages launches new buy to let tracker


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

YBS Commercial Mortgages has made significant positive changes this week, introducing a new tracker product for portfolio landlords, providing them with more options in the current, more volatile environment, as well as reducing rates across its product range.

The new tracker product is available at a variable rate of 6.75% (Bank Base Rate (BBR) + 1.50%) for three years, and can be accessed on a capital-and-interest, or an interest-only basis.

The lender will consider loans of up to a maximum of £20 million on a loan-to-value (LTV) of up to 75%, with a 2% arrangement fee.

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

“Launched as a direct result of broker feedback, we’re pleased to offer this new, tracker option for landlords, alongside our fixed rate buy-to-let range.

This product recognises the current, volatile environment, and uncertainty around interest rates, with borrowers carefully considering their options – in many cases, looking for something other than to fix.

We’re bridging that gap for these borrowers, offering them better choice and flexibility, and with many predictions that the Bank Rate may drop for the first time in more than four years this summer, the timing couldn’t be better.”

The commercial-lender has also reduced rates again, with discounts of 0.20% on selected products in its core buy-to-let range, as well as the specialist ranges for holiday lets and houses of multiple occupancy (HMOs).

The semi-commercial range, designed specifically for part-residential, part-commercial assets also sees the same rate reduction.

Highlights of the discounted range include:

  • A five-year fix at 4.90% (was 5.10%), up to 65% LTV for buy-to-let clients wishing to borrow more than £1 million, which comes with a 3% fee
  • A five-year fix at 5.55% (was 5.75%) up to 75% LTV, for clients purchasing a property as a holiday let, which has a 2% fee
  • And a five-year fix for semi-commercial assets – investors can now benefit from a rate of 6.60% (was 6.80%), up to 70% LTV with a 3% fee.

Tom commented:

“Reducing rates across our fixed rate buy-to-let and semi-commercial ranges reflects our ongoing commitment to maintaining the competitiveness of our range and offering better value wherever possible to landlords and investors alike.”