"These changes reflect our desire to pass on value wherever possible to our brokers and their clients, maintaining our commitment to supporting landlords in a challenging market"
- Tom Simpson - YBS Commercial
YBS Commercial has cut buy-to-let rates by up to 0.15% - marking the third time the commercial lender has reduced rates since the start of this year.
The discounts include reductions of 0.15% on selected products in its core buy-to-let range. The specialist ranges for holiday lets and houses of multiple occupancy (HMOs) have also been reduced by 0.05%.
Highlights of the new range include a five-year fix for buy-to-let clients at 5.10% (was 5.25%) on loans over £1 million, up to 65% loan-to-value (LTV), with a 3% fee. A five-year buy-to-let fix at 5.30% (was 5.45%) on loans over £1 million, up to 65% LTV, with a 2% fee is also available.
There is also a five-year fix for HMOs at 5.95% (was 6.00%) on loans over £500,000, up to 75% LTV, with a 2% fee and a five-year fix at 5.90% (was 5.95%) up to 75% LTV, for clients purchasing a property as a holiday let, which has a 2% fee.
There are no changes to the lender’s 5% fee buy-to-let products, starting at 4.95%, or to its semi-commercial or commercial investment products.
Tom Simpson, managing director at YBS Commercial Mortgages, said: “We are pleased to be able to reduce rates across our buy-to-let range, including on our specialist products, especially in the current climate, where rates generally have been increasing in line with market fluctuations.
“These changes reflect our desire to pass on value wherever possible to our brokers and their clients, maintaining our commitment to supporting landlords in a challenging market.”
