YBS Commercial Mortgages has cut rates on its buy-to-let (BTL) tracker product by 0.25%, effective today, 9th April.
Now, landlords can borrow up to £20m with a loan-to-value (LTV) of up to 75% at a variable rate of 5.75% (Bank Base Rate (BBR) +1.25%).
The tracker is available for three years, either on a capital-and-interest or interest-only basis, with a 2% arrangement fee.
Rates on other products remain the same.
Angela Norman, interim managing director at YBS Commercial Mortgages, said: “We’re so pleased to improve the value of our buy-to-let tracker, launched last year as a direct result of broker feedback.
“This product recognises the current, volatile environment, with borrowers carefully considering their choices – in some cases, looking for an option other than to fix their rate.
“Maintaining pricing on the rest of the range means that we can provide the stability that we know is so important to our brokers and customers.”
