YBS Commercial Mortgages is making positive changes to its product offering this week.
From today (Wednesday, 29 April) the commercial lender is reducing rates on its new-business range of five-year fixes for portfolio landlords by up to 0.15%.
Products are also reducing by 0.15% on its commercial mortgage range, which includes its owner-occupied, commercial investment and the semi-commercial products, designed for part-residential, part-commercial assets.
YBS Commercial Mortgages is also launching a suite of new two-year buy-to-let products to offer more choice to brokers and customers up to 75% LTV, including a two-year fix up to 55% LTV at a competitive rate of 4.90% up to 55% LTV, which comes with a 2% fee.
Other highlights of the new range include:
- A five-year fixed rate for buy-to-let clients at 4.80% (was 4.95%) up to 65% LTV, with a 3% fee
- A five-year fix for buy-to-let clients at 5.00% (was 5.10%) up to 75% LTV, with a 3% fee
- And a five-year fixed rate for investors looking for a semi-commercial product at 5.80% (was 5.95%) up to 65% LTV, which comes with a 2% fee.
Angela Norman, managing director of YBS Commercial Mortgages, said: “As market conditions have stabilised, we’re pleased to be able to pass on the benefit with these reductions and enhance our product range.
“These latest changes, including our new two-year product range, reflect our ongoing commitment to providing competitive pricing and choice, supporting brokers with products they can place with confidence.”
