YBS Commercial Mortgages has cut rates on its BTL tracker product by 25bps.
With immediate effect, landlords can borrow up to £20m with LTV of up to 75% from a variable rate of 5.75%.
This is calculated as the bank base rate plus 1.25%.
The three-year product is available on both a capital and interest, and interest-only basis, with a 2% arrangement fee.
No other changes have been made to the lender’s range.
“We’re so pleased to improve the value of our BTL tracker, launched last year as a direct result of broker feedback,” said Angela Norman, interim managing director at YBS Commercial Mortgages.
“This product recognises the current, volatile environment, with borrowers carefully considering their choices – in some cases, looking for an option other than to fix their rate.”
