YBS Commercial updates BTL criteria

The lender has removed the minimum threshold on the amount an individual landlord can borrow where they have at least six BTL properties mortgaged/to be mortgaged with YBS Commercial Mortgages, or 11 or more BTL properties mortgaged with all lenders.

If a landlord does not fit one of these criteria, the company will consider applications starting from £3m.

Mike Davies, head of business development at YBS Commercial Mortgages, said: “Previously, a landlord needed to have at least six properties with us, as well as to borrow at least £1.5m to be considered for a loan. 

“These changes widen the qualifying criteria to include more borrowers and reflect our desire to close a gap, which has prevented us from helping as many borrowers as we’d like.”