YBS Commercial cuts rates by 0.15% across specialist BTL range

YBS Commercial Mortgages has made changes to its specialist buy-to-let range for the second time this month.

Effected from today, the changes include a discount of 0.15% on the commercial lender’s holiday lets and housing of multiple occupation (HMO) products.

Landlord clients looking to purchase a property as a holiday let can now benefit from a 5-year fixed rate of 5.75% (was 5.90%) on loans of up to £1.5m per unit, up to 75% loan-to-value (LTV), which comes with a 2% fee.

For landlords looking for a product to fund a HMO purchase, a 5-year fix at 5.80% (was 5.95%) on loans over £500,000 up to 75% LTV is now available, and comes with a 2% fee.

There are no changes to the lender’s commercial investment products, which start from 6.99% on loans on retail, office, industrial, warehousing, quality leisure facilities and other kinds of commercial property, or to any other products in the lender’s range.

Tom Simpson (pictured), managing director at YBS Commercial Mortgages, said: “We’re pleased to be able to reduce rates on our specialist buy-to-let range. This is especially pertinent given that in the current climate, rate rises have become the norm.

“This move demonstrates our continued commitment, as a strong, stable lending partner, to supporting brokers and their landlord clients with their specialist lending needs, passing on reductions wherever we can, and ensuring that we remain as competitive as possible.”