YBS Commercial adds new corporate BTL product
YBS Commercial Mortgages has announced it is adding a new option to its buy-to-let range this week.
The commercial lender has introduced a new product, available now for corporate buy-to-let clients who are borrowing more than £1 million, up to 70% LTV, which comes with a competitive rate of 5.30% fixed for five-years along with a 5% arrangement fee.
Tom Simpson, managing director of YBS Commercial Mortgages, said:
“We introduced the original five percent fee product in October, following broker feedback that lower rate, higher fee offerings provide more choice for investors.
“That’s why we’re delighted to be able to extend this up to 70% LTV, offering this option to investors with lower levels of equity and ensuring that we remain competitive, listening and reacting to the needs of our brokers and borrowers at all times.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
FCA confirms new incident reporting and third party rules
