YBS Business Home loans cuts corporate BTL rates by up to 0.91%

YBS Commercial Mortgage has cut rates up to 0.91% on its corporate buy-to-let (BTL) five-year fix, available to clients borrowing up to 65% loan-to-value (LTV).

Landlords will be offered a new fixed rate of 4.99% down from 5.90%.

For clients borrowing up to 75% LTV on a five-year fix, rates are reduced to 5.35% from 6.25%.

The lender’s house of multiple occupancies (HMO) and holiday let products are also included in the changes, with rate cuts of 0.90%.

This reduces the rate of the HMO offer to 5.50%, down from 6.40%, and the holiday lets product to 5.55% reduced from 6.45%.

Both are available up to 75% LTV.

All products are available on loans of up to £15m, with arrangement fees of 2% of the total loan value.

Another change is the lowered rates to the lender’s five-year fixed rate semi-commercial product, which targets part-residential, part-commercial assets.

These have been reduced to 6.25% from 6.79% available on loans of up to £5m, to 70% LTV.

YBS Commercial Mortgages head of business development Mike Davies says: “We recognise the challenges landlords have faced when it comes to making their investments affordable in the current climate.”

“Now that we’re seeing changes in swap rates and better stability in the market, and having listened to feedback from our broker partners, we’re really pleased to be able to respond to this and reduce rates across our buy-to-let range.”

“Including specialist products in these changes, like HMO and holiday lets, will maintain their competitiveness and help us to continue to serve the market in these much-needed areas.”

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