YBS Commercial Mortgages has launched a new 5.25% fixed five-year BTL product, in addition to slashing rates by up to 20bps in a move to benefit brokers and their clients.
The enhanced new BTL product is available for corporate clients borrowing more than £1m at 65% LTV at a five-year fixed rate of 5.25% with a 5% completion fee.
The lender’s HMO and holiday let products have also been reduced by 20bps to 6.5% and 6.55% respectively, both with a 2% fee.
Tom Simpson, managing director at YBS Commercial, said: “The new BTL product is inspired heavily by feedback from our brokers that lower rate, higher-fee offerings are attractive to investors – offering them better choice and helpful with affordability.
“We’re also really pleased to be able to reduce our rates across the BTL range following a downward trend in market swap rates.
“These changes reflect our desire to remain as competitive as possible for all our brokers and customers in a challenging market.”
