"We’re pleased to reduce rates on the lower-rate, higher-fee products within our buy-to-let range"
- Tom Simpson, managing director at YBS Commercial Mortgages
YBS Commercial Mortgages has announced further reductions across its buy-to-let mortgage range in a bid to support portfolio landlords.
From today, the 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. Rates have reduced by 15bps and now start from 6.75% p to 60% LTV with a 2% fee and 6.80% up to 70% LTV with a 3% fee.
0.10% has also been 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 4.95% up to 65% LTV and 5.00% at 70% LTV.
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.”
