YBS Commercial Mortgages has cut rates across the board by as much as 0.45%.
Products reducing include the lender’s buy-to-let range for corporate clients or individual landlords with large loan requirements.
The 5-year fixed up to 65% loan-to-value (LTV) has been reduced to 5.90% from 6.35%; and the 5-year fixed up to 75% LTV, was reduced to 6.25% from 6.70%.
All buy-to-let products are available on loans up to £15 million with a maximum term of 25 years.
Mike Davies, head of business development at YBS Commercial Mortgages, said: “As the market starts to calm, we’re so pleased to be able to reduce rates across the range, providing much needed support for our brokers and their clients during this volatile time, and promoting investment in the UK economy.
“We hope this will be welcome news.”
Also included in the wave of cuts is the Society’s HMO (Housing of Multiple Occupation) offering, which sees a new rate of 6.40% (was 6.85%) up to 75% LTV.
There will be no changes to the Holiday Lets product.
Other highlights from the new range include 5 five-year fixed rate semi-commercial product, designed specifically for semi-commercial assets, which benefits from a rate reduction of 0.31% to 6.79% (was 7.10%), available on loans of up to £5m, up to 70% LTV.
