YBS Commercial cuts rates by up to 0.30%

YBS Commercial Mortgages has cut rates by 0.30% on its buy-to-let range for commercial landlords borrowing under £1 million, and by 0.20% on products for those borrowing £1 million or more.

The lender’s specialist holiday lets and HMO products have also been discounted by 0.20%, taking their rates to 6.35% and 6.30% respectively.

Five-year fixed rate buy-to-let products at 65% LTV have reduced from 6.20% to 5.90% on loans of under £1 million, which comes with a 2% fee, and from 5.25% to 5.05% for loans over £1 million, with a 5% fee.

Commercial investors are also set to benefit, as the commercial investment five-year fix, launched earlier this year - available for loans on retail, office, industrial, warehousing, quality leisure facilities and other kinds of commercial property – has also reduced by 0.20%.

The five-year fixed rate semi-commercial product, designed specifically for part-residential, part-commercial assets, has also seen its rate reduce by 20bps to 7.10% up to 60% LTV and 7.15% to 70% LTV.

A five-year fixed rate for loans on commercial properties has also reduced by 20bps to 7.49% at 75% LTV with a 2% fee.

Tom Simpson, managing director of YBS Commercial Mortgages, said: “We’re really pleased to reduce rates across our suite of products, following a drop in swap rates. These changes reflect our commitment to keeping brokers informed about rate changes, adjusting our pricing and passing on the benefit of market fluctuations wherever possible to brokers and their clients, and ensuring that we retain our competitive edge.”