Angela Norman, managing director of YBS Commercial Mortgages, said: “Broker feedback has consistently highlighted a desire for a wider range of tracker options, particularly for landlords seeking greater product flexibility over a longer period.”
The buy-to-let (BTL) tracker is available at a variable rate of 4.9% (1.15% plus bank base rate (BBR)) up to 75% loan to value (LTV) with a 2% arrangement fee.
The product for multi-unit freehold blocks (MUFBs) is available at a variable rate of 5.14% (1.39% plus BBR) on mortgages up to 75% LTV, with a 2% fee.
Norman added: “This product has been designed to reflect the needs of today’s market, where economic uncertainty and changing interest rate expectations mean many landlords are looking for alternatives. Expanding our range in this way ensures they have access to products that align with their investment strategies and financing needs.”
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Atom changes commercial mortgage rates
Atom Bank has made changes to its pricing structure for commercial mortgages.
The new pricing structure means there are fewer price points per product. Atom Bank said this will reduce the potential for rate movements during an application.
The firm has reduced its loan pricing, offering total discounts of up to 0.7% depending on loan size. The biggest discounts apply to medium-sized loans between £800,000 and £2m.
The bank has also extended its boosted 1.75% fee procuration fee offer until 31 March 2027.
Chris Storey, chief commercial officer at Atom Bank, commented: “We know that rate changes during an application are frustrating for both brokers and their clients. To fix this, we’ve simplified our pricing structure with fewer price points per product, meaning fewer rate movements and a smoother journey from application to completion.”
He added: “There are further improvements planned for the months ahead, as we look to improve the service, speed and value of our commercial lending products and help greater numbers of SMEs to achieve their ambitions.”
