YBS Commercial Mortgages has added new ‘Fast Track’ buy-to-let product options to its range.
The new range offers cheaper rates, a faster process, and has fewer documentation requirements for more straightforward, lower-risk buy-to-let cases applications from experienced portfolio landlords.
The new service applies to properties which are of standard construction, with an Energy Performance Certificate (EPC) rating of A-C, and a unit size of more than 35 square metres.
Providing that all supporting documents are provided within 10 working days of application, the lender has committed to providing an offer (subject-to-valuation) within five working days. YBS Commercial is also offering the option for borrowers to use title insurance (subject to meeting the criteria) for a faster completion time.
The new fast track offering is available for interest-only loans of between £500,000 and £3 million, for property purchase or refinance.
Five-year fixed rates are available from 4.40% up to 65% LTV and 4.60% up to 75% LTV with a 2% fee.
Angela Norman, managing director at YBS Commercial Mortgages, said: “We’re really pleased to demonstrate our continued support for portfolio landlords with this new range.
“The new service level agreement tailored specifically for this new product means we can provide clarity and certainty even earlier in the application process for those with more straightforward cases.
“This move also demonstrates our ongoing commitment to making improvements which enhance the customer journey wherever possible, acting on feedback from our valued brokers.”
