"This will enable us to continue to provide a good product mix across the board and support investors who really rely on these diversified income streams."
YBS Commercial Mortgages is reducing the rate on its semi-commercial products, designed specifically for part-residential, part-commercial assets which are rented out as investments.
Effective from today, landlords will benefit from a rate of 7.35%, down from 7.49%, up to 70% LTV and a rate of 7.30% (was 7.39%) up to 60% LTV. Both products are available on loans of up to £20 million, fixed for five years.
The commercial lender has also confirmed that pricing on all other products has been maintained. This includes the buy-to-let range, which includes specialist HMO products and holiday lets, and the fixed rate commercial investment product, launched earlier this year, which is available for loans on retail, office, industrial, warehousing, quality leisure facilities and other kinds of commercial property.
Tom Simpson, managing director of YBS Commercial Mortgages, said: “As a strong, stable lending partner, we try to keep our reactions to market changes to a minimum wherever possible. However, we’re really pleased to reduce rates on our semi-commercial product and maintain our competitive edge in this space.
“This will enable us to continue to provide a good product mix across the board and support investors who really rely on these diversified income streams.”
