YBS Commercial lowers rates

YBS Commercial has reduced rates on its commercial investment range, which is aimed at loans on retail, office, industrial, warehousing, quality leisure facilities and other kinds of commercial property, and introduced tiered pricing.

Commercial investors who wish to borrow over £1m can benefit from rates beginning from 6.99 per cent and for those borrowing under £1m, pricing starts from 7.4 per cent.

The lender’s five-year fixed rate semi-commercial product, aimed at part-residential, part-commercial assets, will go down to 6.9 per cent at 60 per cent loan to value (LTV) and 6.95 per cent at 70 per cent LTV.

In its buy-to-let range, specialist houses in multiple occupation (HMO) has been cut by 0.3 per cent with rates starting from six per cent.

Specialist holiday lets have fallen by around 0.4 per cent, starting from 5.95 per cent.

YBS Commercial: ‘Maintaining commitment to commercial market’

Tom Simpson, managing director of YBS Commercial Mortgages, said: “We’re absolutely thrilled to start the year with great news for brokers, reducing rates right across our range of products, following the markets’ response to pre-Christmas inflation data, which has led to a drop in swap rates.

“These changes reflect our desire to pass on value wherever we can to brokers and their clients, maintaining our commitment to the commercial market and retaining our competitive edge.

“We will continue to closely monitor market trends, taking these opportunities to support all our brokers and clients as much as possible as the year progresses.”