YBS Commercial is refreshing its BTL range by reducing rates by up to 15bps.
The changes, effective today, represent the third time the commercial lender has reduced rates since the start of this year, despite the uptick in market rates since the start of the year.
The discounts include reductions of 15bps on selected products in its core BTL range.
The specialist ranges for holiday lets and HMOs have also been reduced by 5bps.
Highlights of the new five-year BTL fixed rates are:
There are no changes to the lender’s 5% fee BTL products, starting at 4.95%, or to its semi-commercial or commercial investment products.
Tom Simpson, managing director at YBS Commercial, said: “We are pleased to be able to reduce rates across our BTL range, including on our specialist products, especially in the current climate, where rates generally have been increasing in line with market fluctuations.
“These changes reflect our desire to pass on value wherever possible to our brokers and their clients, maintaining our commitment to supporting landlords in a challenging market.”
