YBS cuts commercial rates by up to 0.45%

YBS Commercial Mortgages has reduced rates across its range by up to 0.45%.

Reduced products include the lender’s buy-to-let range for corporate clients or individual landlords with large loan requirements, including a five-year fix up to 65% LTV, which sees a reduction in rate to 5.90% (was 6.35%).

In addition, a five-year fix up to 75% LTV benefits from a rate reduction to 6.25% from 6.70%. All buy-to-let products are available on loans up to £15 million with a maximum term of 25 years.

Also included is the HMO offering, which sees a new rate of 6.40% (was 6.85%) up to 75% LTV.

Other highlights of the new range include the five-year fixed rate semi-commercial product, designed specifically for semi-commercial assets, which benefits from a rate reduction of 0.31% to 6.79%, available on loans of up to £5 million, up to 70% LTV.

Mike Davies, head of business development at YBS Commercial Mortgages, said: “As the market starts to calm, we’re so pleased to be able to reduce rates across the range, providing much needed support for our brokers and their clients during this volatile time, and promoting investment in the UK economy. We hope this will be welcome news.”