YBS Commercial Mortgages has cut buy-to-let mortgage rates by up to 0.15% and launched a new range of two-year fixed products, with changes taking effect from today, Wednesday, 29 April.
The rate reductions apply to its new-business five-year fixes for portfolio landlords, as well as its commercial mortgage range, which covers owner-occupied, commercial investment and semi-commercial products designed for part-residential, part-commercial assets.
The new two-year buy-to-let range, available up to 75% LTV, includes a two-year fix up to 55% LTV priced at 4.90%, carrying a 2% fee. Among the other products in the updated range:
- A five-year fixed buy-to-let rate at 4.80% (down from 4.95%) up to 65% LTV, with a 3% fee
- A five-year fix at 5.00% (down from 5.10%) up to 75% LTV, with a 3% fee
- A five-year fixed semi-commercial rate at 5.80% (down from 5.95%) up to 65% LTV, with a 2% fee
Angela Norman, managing director of YBS Commercial Mortgages, said the changes reflect improved market conditions.
"As market conditions have stabilised, we're pleased to be able to pass on the benefit with these reductions and enhance our product range," she said. "These latest changes, including our new two-year product range, reflect our ongoing commitment to providing competitive pricing and choice, supporting brokers with products they can place with confidence."
