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

YBS Commercial Mortgages has reduced rates across its specialist buy-to-let range for the second time this month.

The changes represent a discount of 0.15% on the commercial lender’s holiday lets and HMO products.

Landlord clients looking to purchase a property as a holiday let can now benefit from a five-year fixed rate of 5.75% on loans of up to £1.5 million per unit, up to 75% LTV, with a 2% fee.

A five-year fixed rate HMO product has also reduced to 5.80% on loans over £500,000, up to 75% LTV, which also comes with a 2% fee.

There are no changes to the lender’s commercial investment products, which start from 6.99% on loans on retail, office, industrial, warehousing, quality leisure facilities and other kinds of commercial property, or to any other products in the lender’s range.

Tom Simpson, managing director at YBS Commercial Mortgages, said: “We’re pleased to be able to reduce rates on our specialist buy-to-let range. This is especially pertinent given that in the current climate, rate rises have become the norm.

“This move demonstrates our continued commitment, as a strong, stable lending partner, 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.”