YBS Commercial Mortgages is seeing in the new year with some positive changes to its product range.
The changes include new two-year fixed rate products which have been added to its buy-to-let offering, along with rate cuts across the range, effective now.
The two-year fixes are available for loans of between £500K and £20 million for property purchase and remortgage, and include one option up to 65% LTV at a competitive rate of 3.20% with a 5% fee, and another up to 75% LTV at 4.10% with a 2% fee.
The commercial lender has also reduced rates on five-year products across its new-business range by 0.10%, including buy-to-let mortgages and specialist options for houses of multiple occupancy (HMOs) and holiday lets, as well as owner-occupied and commercial investment products.
Highlights of the rate reduction include:
- A five-year fixed rate for buy-to-let clients at 4.65% (was 4.75%) up to 75% LTV, with a 3% fee
- A five-year fix at 4.90% (was 5.00%) for HMOs comprising up to six bedrooms, up to 75% loan to value, with a 2% fee
- And a five-year fix at 6.00% (was 6.10%) for semi-commercial assets up to 75% loan-to-value, which comes with a 2% fee.
Angela Norman, managing director at YBS Commercial Mortgages, said: “We are delighted to announce the launch of our new two-year fixed-rate products, developed in direct response to broker feedback and designed to complement our strategic focus on product flexibility. This addition broadens our offering, providing greater choice for investors who prefer a shorter-term fix and supporting those who value the ability to adapt their financing strategies in line with interest rate fluctuations.
“This latest rate reduction demonstrates our continued commitment to providing the best possible value to brokers and customers wherever we can.”
