YBS Commercial Mortgages reduces rates

By Bridging Loan Directory 7th February 2024

YBS Commercial Mortgages is making further positive changes to its range this week, in a bid to support portfolio landlords.

Effective today, the commercial lender has reduced rates by 0.15% on its five-year fixed rate semi-commercial range, available on loans of up to £5 million, designed specifically for part-residential, part-commercial assets.

Investors can now benefit from a rate of 6.75% (was 6.90%) up to 60% LTV with a 2% fee; and 6.80% (was 6.95%) up to 70% LTV with a 3% fee.

A further highlight is 0.10% knocked off the lender’s corporate buy-to-let products which come with a 5% fee.

Landlords wishing to borrow more than £1 million can benefit from a five-year fix at a competitive 4.95% (was 5.05%) up to 65% LTV; and for clients borrowing up to 70% LTV, rates are reduced to 5.00% (was 5.10%).

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

“As a strong, stable lending partner, the resilience of our balance sheet allows us to deliver consistency to brokers and their clients, even during these times of volatility.

That’s why we’re pleased to reduce rates on the lower-rate, higher-fee products within our buy-to-let range, maintaining their competitiveness, offering better value for investors looking to pay more upfront, and helping us to continue to serve the market in the best way possible.

Reducing rates on our semi-commercial product will also help us to support investors who rely on diversified income streams, maintaining a variety of options as well as good value.”