According to the lender, the new deal comes with a rate of 4.8%, fixed for 10 years up to 65% loan-to-value and is available for loans between £500,000 and £5million and becomes the second product in the lender’s semi-commercial range, joining a five-year fixed rate product that was reduced to 4.35% just last week.
Mike Davies, head of business development at YBS Commercial Mortgages, said: “We’re delighted to be building on the launch of our successful five-year semi-commercial fixed-rate mortgage with the addition of this new 10-year deal.
“We know, during these uncertain times, that brokers and their clients are looking for ways to have some element of certainty of costs, which fixed rates obviously provide.
“As a lender, we’re always looking at ways we can expand our offering to continue to provide long-term stable support for our borrowers, and launching this new product is a great way we’ve been able to demonstrate this.”
