Mutual lender, YBS Commercial Mortgages, has announced that it is expanding to its product range with the addition of a new five-year fixed rate Limited Company buy-to-let product.
Mike Davies, Head of Business Development, said: “We are responding to customer demand with the introduction of this five-year fixed rate Limited Company buy-to-let product. These products are currently the most commonly sold in the market, estimated to account for over 60% of lending volumes.
“Last year the buy-to-let market was expected to be worth £35bn, with Limited Company buy-to-let lending accounting for £3.5bn to £4bn of that total. The ratio of limited company to personal buy-to-let lending is expected to increase further in 2020.
“YBS Commercial Mortgages will be building a range of niche buy-to-let products in the coming months which will suit the needs of sector-specific borrowers. Our flexible, personal service model allows us to tailor loans to suit the individual needs of our borrowers.”