YBS Commercial cuts rates by up to 0.50%

YBS Commercial Mortgages has reduced rates by up 0.50% on its commercial investment range designed for loans on retail, office, industrial, warehousing, quality leisure facilities and other kinds of commercial property, and has also introduced tiered pricing.

This means that commercial investors who wish to borrow more than £1 million can benefit from rates starting from 6.99% (was 7.49%). Rates for those borrowing under £1 million start from 7.40%, down from 7.49%.

The five-year fixed rate semi-commercial product, designed specifically for part-residential, part-commercial assets, also sees its rate reduce to 6.90% up to 60% LTV and 6.95% at 70% LTV.

Commercial landlords also benefit from the changes, with a rate cut of 0.30% for selected products from the lender's buy-to-let range, and the specialist HMO product has also been discounted by 0.30%, taking rates to 6.00%.

The specialist holiday lets product is set to benefit from an even bigger discount, with rates reduced by 0.40% - now at 5.95%.

Tom Simpson, managing director of YBS Commercial Mortgages, said: “We’re absolutely thrilled to start the year with great news for brokers, reducing rates right across our range of products, following the markets’ response to pre-Christmas inflation data, which has led to a drop in swap rates.

“These changes reflect our desire to pass on value wherever we can to brokers and their clients, maintaining our commitment to the commercial market and retaining our competitive edge.

“We will continue to closely monitor market trends, taking these opportunities to support all our brokers and clients as much as possible as the year progresses.”