YBS Commercial trims rates

This includes its five-year fixed semi-commercial range, for loans up to £5m. The 60 per cent loan to value (LTV) offering now has a rate of 6.75 per cent with a two per cent fee, down from 6.9 per cent. 

Up to 70 per cent LTV with a three per cent fee, the rate is 6.8 per cent, down from 6.95 per cent. 

Its corporate buy-to-let (BTL) rates have been cut by 0.1 per cent for options with a five per cent fee. This range allows borrowing amounts of more than £1m. 

Up to 65 per cent LTV, the rate has gone down from 5.05 per cent to 4.95 per cent, while up to 70 per cent LTV has been reduced from 5.1 per cent to five per cent. 

Tom Simpson, managing director at YBS Commercial Mortgages, said: “As a strong, stable lending partner, the resilience of our balance sheet allows us to deliver consistency to brokers and their clients, even during these times of volatility.  

“That’s why we’re pleased to reduce rates on the lower-rate, higher-fee products within our BTL range, maintaining their competitiveness, offering better value for investors looking to pay more upfront, and helping us to continue to serve the market in the best way possible.  

“Reducing rates on our semi-commercial product will also help us to support investors who rely on diversified income streams, maintaining a variety of options as well as good value.” 

These changes come after YBS Commercial made reductions of up to 0.5 per cent across its commercial investment range last month.