YBS cuts buy-to-let rates by up to 0.15%

YBS Commercial Mortgages is reducing rates across its buy-to-let range for the third time this year.

The discounts include reductions of 0.15% on selected products in its core buy-to-let range. The specialist ranges for holiday lets and HMOs have also been reduced by 0.05%.

Five-year fixed rates now start from 5.10% at 65% LTV on loans over £1 million with a 3% fee and 5.30% with a 2% fee.

A five-year fix for HMOs has reduced to 5.95% on loans over £500,000, available up to 75% LTV with a 2% fee.

In addition, a five-year fix is available at 5.90% up to 75% LTV, for clients purchasing a property as a holiday let, which has a 2% fee.

There are no changes to the lender’s 5% fee buy-to-let products, starting at 4.95%, or to its semi-commercial or commercial investment products.

Last week, YBS reduced the stress rate applied to buy-to-let affordability calculations.

Tom Simpson, managing director at YBS Commercial Mortgages, said: “We are pleased to be able to reduce rates across our buy-to-let range, including on our specialist products, especially in the current climate, where rates generally have been increasing in line with market fluctuations.

“These changes reflect our desire to pass on value wherever possible to our brokers and their clients, maintaining our commitment to supporting landlords in a challenging market.”