"Reducing rates on our semi-commercial product helps us to support investors who rely on diversified income streams"
YBS Commercial Mortgages has reduced rates across its portfolio landlord range by up to 0.91%.
The largest reduction is to a corporate buy-to-let five-year fix, available to clients borrowing up to 65% LTV, which is now available at 4.99%.
For clients borrowing up to 75% LTV on a five-year fix, rates are reduced to 5.35%, down from 6.25%.
The lender’s specialist HMO and holiday let products are also included in the changes, with rate cuts of 0.90%. This reduces the rate on the HMO offering to 5.50% and the holiday lets product to 5.55%. 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.
In addition, YBS has announced a rate reduction to its five-year fixed rate semi-commercial product, designed specifically for part-residential, part-commercial assets, to 6.25% available on loans of up to £5 million, up 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.”
