“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”
– Tom Simpson – YBS Commercial

The changes represent a discount of 0.15% on the commercial lender’s Holiday Lets and Housing of Multiple Occupation products.

Landlord clients looking to purchase a property as a holiday let can now benefit from a five-year fixed rate of 5.75% – down from 5.90% – on loans of up to £1.5m per unit, up to 75% LTV, which comes with a 2% fee.

For landlords looking for a product to fund an HMO purchase, now available is a five-year fix, competitively priced at 5.80% (was 5.95%) 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.”