"Reducing rates right across our buy-to-let range demonstrates our continued commitment, as a strong, stable lending partner, to supporting brokers and their landlord clients, including their specialist lending needs"
- Angela Norman - YBS Commercial
YBS Commercial Mortgages has announced that it has cut rates on its buy-to-let range with immediate effect.
According to the lender, rates have been reduced by 0.10% across the range, with five-year fixes now starting at 5.30% (was 5.40%) up to 65% LTV with a 2% fee for those wishing to borrow less than £1m. Those wishing to borrow more than £1m have access to a five-year fix at 5.15% (was 5.25%) up to 65% LTV with a 2% fee.
Holiday let and HMO
Landlords looking to purchase a property as a holiday let can now benefit from a five-year fixed rate of 5.60% (was 5.70%) on loans of up to £1.5 million per unit, up to 75% LTV, which comes with a 2% fee.
For landlords looking for a product to fund an HMO purchase, there is now a five-year fix priced at 5.65% (was 5.75%) on loans over £500,000, up to 65% LTV, which also comes with a 2% fee.
There are no changes to the lender’s commercial real estate products, or to any other products in the range.
“Despite recent increases in swap rates, we’re pleased to improve the competitiveness of our buy-to-let range, offering better value for landlords and investors," comments Angela Norman, interim managing director at YBS Commercial Mortgages, “Reducing rates right across our buy-to-let range demonstrates our continued commitment, as a strong, stable lending partner, to supporting brokers and their landlord clients, including their specialist lending needs.”
