"we’re really pleased to be able to improve the competitiveness of our buy-to-let range. Offering better value for landlords and investors, including those looking for a specialist product offering"
- Angela Norman - YBS Commercial
YBS Commercial Mortgages has increased the procuration fee for brokers placing buy-to-let cases, while also trimming rates across its product range.
The changes apply with immediate effect to all new buy-to-let applications, including specialist cases such as houses in multiple occupation (HMOs) and holiday lets. Brokers will now receive 1% of the total deal value upon completion, up from the previous 0.75% fee. This adjustment brings the buy-to-let range in line with YBS Commercial’s commercial investment offering.
At the same time, the lender has reduced rates on its buy-to-let range by 0.05%, including its specialist products.
The updated pricing means five-year fixed rates now start from 4.70% (previously 4.75%) for loans over £750,000 at up to 55% loan-to-value (LTV), with a 3% fee. Other key changes include:
A five-year fix at 5.40% (previously 5.45%) for HMO properties with up to six bedrooms
Up to 75% LTV on these HMO loans
A 2% fee applies to this product
“We’re thrilled to take this step, aligning our procuration fees across the board,” said Angela Norman, managing director of YBS Commercial Mortgages. “Recognising the value that brokers bring to the lending process, their hard work and dedication to each and every case, and the critical importance we place on our partnerships with them.”
“In addition, we’re really pleased to be able to improve the competitiveness of our buy-to-let range,” Norman continued. “Offering better value for landlords and investors, including those looking for a specialist product offering.”
“Each of these changes is part of our ongoing commitment to identifying and making improvements which benefit both our brokers and customers wherever we possibly can,” she added.
