YBS cuts buy-to-let and semi-commercial rates by up to 0.15%

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.”