YBS cuts buy-to-let and semi-commercial rates by up to 0.15%
The lender has reduced HMO and holiday let rates as part of the changes.
"This move demonstrates our continued commitment to supporting brokers and their landlord clients with their specialist lending needs"
- Angela Norman, interim managing director at YBS Commercial
YBS Commercial Mortgages has announced a number of rate reductions across its buy-to-let mortgage ranges.
Rates have reduced by 0.05% on the commercial lender’s buy-to-let product range, with highlights including a five-year fixed rate mortgage at 4.95% on loans over £1million, up to 65% LTV with a 3% fee.
For landlords looking to fund a HMO purchase or a holiday let, rates will also come down by 0.05% and will now include a five-year fix suitable for holiday lets up to 75% LTV, at 5.60% with a 2% fee.
Also included is the lender’s semi-commercial range, available on loans of up to £5 million and designed specifically for part-residential, part-commercial assets. Investors can now take advantage of a rate of 6.45% (was 6.60%) which is fixed for five years, up to 70% LTV, with a 3% fee.
Angela Norman, interim managing director at YBS Commercial Mortgages, said: “We’re so pleased to be able to reduce rates across these elements of our range, and this move demonstrates our continued commitment to supporting brokers and their landlord clients with their specialist lending needs, passing on reductions wherever we can and ensuring that we remain as competitive as possible.”
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