According to the lender, products reductions include its buy-to-let range for corporate clients or individual landlords with large loan requirements, including the five-year fix up to 65% loan-to-value (LTV), which sees a reduction in rate to 5.90% (was 6.35%); and the five-year fix up to 75% LTV, which benefits from a rate reduction to 6.25% (was 6.70%). All buy-to-let products are available on loans up to £15 million with a maximum term of 25 years.
Also included is the HMO offering, which sees a new rate of 6.40% (was 6.85%) up to 75% LTV. There will be no changes to the Holiday Lets product.
Other highlights of the new range include the five-year fixed rate semi-commercial product, designed specifically for semi-commercial assets, which benefits from a rate reduction of 0.31% to 6.79% (was 7.10%), available on loans of up to £5 million, up to 70% LTV.
Mike Davies, head of business development at YBS Commercial Mortgages, said: “As the market starts to calm, we’re so pleased to be able to reduce rates across the range, providing much-needed support for our brokers and their clients during this volatile time, and promoting investment in the UK economy. We hope this will be welcome news.”
