YBS Commercial Mortgages won the award for Best Service from a Commercial Mortgage Provider at the 2023 Business Moneyfacts Awards.
The financial awards ceremony celebrated the best in financial services; finalists and winners were decided upon using product monitoring as well as broker and business community feedback.
The commercial lender was also highly commended in the Best Commercial Mortgage Provider category at the same event, which was won by Allica Bank.
Commercial Mortgage Introducer of the Year went to Watts Commercial Finance.
Tom Simpson, managing director of YBS Commercial Mortgages, said: “We’re delighted to have won this award as well as to have been highly commended in a second category.
“Over the last year we’ve demonstrated our commitment to the sector by strengthening our teams, amongst other things, with 90% of customers and brokers rating our relationship directors as very effective, I’m absolutely delighted with the long-term, reliable funding we’ve been able to supply to the commercial market, and the fantastic service provided by our regional hubs, sitting at the centre of our business.”
He added: “We’ve got big ambitions this year and beyond, and have already made great progress, introducing much-needed products to boost the market, such as our fixed-rate commercial investment product, launched just last month, which is designed to enhance our support for property investors.
“It’s fantastic to receive the recognition that this award provides, and I’d like to thank every single member of the team for the part they have played in this success.”
Virgin Money won the Best Buy-to-Let Mortgage Provider award, while Landbay won Best Service from a Buy-to-Let Mortgage Provider, and Out Mortgage Broker won Buy-to-Let Mortgage Broker of the Year.
The Best Specialist Buy-to-Let Mortgage Provider award was won by Hampshire Trust Bank (HTB), while Best Service from a Specialist Buy-to-Let Mortgage Provider was won by MFS.
In the short-term finance market, Best Bridging Finance Provider went to Together, Best Service from a Bridging Finance Provider went to MT Finance, and Bridging Finance Introducer of the Year went to Sirius Property Finance.
Hampshire Trust Bank won Best Development Finance Provider, Magnet Capital won Best Service from a Development Finance Provider, and Arc & Co won Development Finance Broker of the Year.
YBS Commercial Mortgages sponsored the award for Commercial Mortgage Introducer of the Year.
Simpson said: “Congratulations to Watts Commercial Finance for winning this award, and well done to all the category finalists.
“Introducers have a vital role in the commercial lending market. We’re very proud of our long-standing relationships with our brokers and introducers, so we’re delighted to support this award, which really celebrates their dedication and contribution to the sector.”
Lee Tillcock, editor of Business Moneyfacts, said: “The business finance sector has worked tirelessly to support growth during the past 12 months, firstly beating COVID uncertainty and then by combatting the effects of labour shortages and supply bottlenecks to secure working capital and help realise growth plans.
“The challenges that faced us, while different, remained considerable, but the brokers and lenders in the commercial finance sector once again provided the support so clearly displayed during the past year.
“The finalists and eventual winners at this year’s awards should be rightly proud of their achievements and have offered a range of products and services that have best supported the sector, at a time when its success and growth remain so vital.”
