YBS Commercial Mortgages has added two five-year buy-to-let tracker mortgages to its range this week, one for standard landlord lending and one for large multi-unit freehold blocks (MUFBs).
The lender defines MUFBs as buildings with seven or more separate residential units, such as flats or apartments, where a single freehold title covers the building and the land.
Both products are available now:
- Standard buy-to-let tracker: 4.90%, set at 1.15% above the Bank Base Rate (BBR), currently 3.75%, up to 75% loan-to-value (LTV) with a 2% arrangement fee.
- MUFB tracker: 5.14%, set at 1.39% above BBR, up to 75% LTV with a 2% arrangement fee.
The new buy-to-let tracker mortgages sit alongside the lender's fixed rate and shorter-term products.
"Broker feedback has consistently highlighted a desire for a wider range of tracker options, particularly for landlords seeking greater product flexibility over a longer period," said Angela Norman, managing director of YBS Commercial Mortgages.
"Our new tracker products address that demand directly, giving investors more choice and value alongside traditional fixed rate and shorter-term options."
"This product has been designed to reflect the needs of today's market, where economic uncertainty and changing interest rate expectations mean many landlords are looking for alternatives," she added. "Expanding our range in this way ensures they have access to products that align with their investment strategies and financing needs."
