Tom simpson

YBS Commercial Mortgages returns to pre-lockdown lending

YBS Commercial Mortgages has returned its limited company BTL lending criteria to its pre-lockdown levels.

Its maximum LTV is now 75% for limited company BTL facilities, for borrowing up to £20m.

This applies to all existing customers of the building society for three years or more.

New customers will have access to the increased LTV for borrowing up to £5m and can lend up to £15m at 65% LTV.

Tom Simpson, managing director at YBS Commercial Mortgages (pictured above), said: “At a time when the economy is under pressure, we’re committed to supporting our existing and new customers and changing our lending criteria back to pre-lockdown levels show that we are taking confident action. 

“Our plans to expand the business are still on track, we have remained open for business during these challenging times and our commitment to be a stable, long-term lending partner for borrowers has not faltered.

“We have more changes planned for our limited company BTL products throughout the year to suit the needs of sector-specific borrowers. 

“We operate a personal service model that allows us to tailor loans to suit the individual needs of our borrowers and I am looking forward to seeing these products support our customers when they launch later this year.” 

The mutual lender launched five- and 10-year fixed products earlier this year.

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