YBS Commercial Mortgages is reducing rates on its fast-track buy-to-let range from today, alongside cuts to its specialist products for large Multi-Unit Freehold Blocks and its owner-occupied, commercial investment and semi-commercial ranges.
The commercial lender is cutting rates by 0.15% on its fast-track buy-to-let range, which offers a faster, more focused process and discounted rates for straightforward, low-risk buy-to-let cases from experienced portfolio landlords. A five-year fix for landlords with low-risk buy-to-let cases who fit the fast-track category now stands at 5.00%, down from 5.15%, up to 65% LTV with a 2% fee.
Rates are also reduced by up to 0.20% on YBS's specialist range for large Multi-Unit Freehold Blocks, categorised as seven or more units in a flat or house, and by 0.15% across its owner-occupied, commercial investment and semi-commercial products designed for part-residential, part-commercial assets. There are no changes to the lender's remaining standard five or two-year buy-to-let products.
Among the other highlights, a five-year fixed rate for investors seeking a semi-commercial product now stands at 5.80%, down from 5.95%, up to 65% LTV with a 2% fee. A five-year fix for investors seeking a commercial investment mortgage, covering loans on retail, office, industrial, warehousing, quality leisure facilities and other commercial property types, has fallen to 6.89% from 7.04%, up to 75% LTV with a 2% fee.
Angela Norman, managing director of YBS Commercial Mortgages, said the changes reflected the lender's ongoing focus on value for borrowers. "We're committed to offering good value to borrowers across the markets we serve, and these reductions are another example of that commitment in action," she said.
"By reducing rates across selected buy-to-let, semi-commercial and commercial products, we're giving customers and brokers more competitive options, while continuing to lend responsibly and sustainably."
