YBS Commercial Mortgages

YBS Commercial Mortgages launches new semi-commercial product

YBS Commercial Mortgages has today (7th January) added a new semi-commercial five-year fixed-rate product to its range.

The new offering — with a fixed rate of 4.7% up to 70% LTV — is available for loans between £400,000 and £5m.

It offers customers five years of interest-only repayments, before reverting to capital and interest for the remainder of the term, up to a total 25 years. 

Mike Davies, head of business development at YBS Commercial Mortgages (pictured above), said: “We’re really pleased to be adding this new semi-commercial product to our range and know there is a growing demand for mortgages of this nature from property investors.”

YBS Commercial Mortgages worked with brokers to design the product and is “confident” it will be well received by them and their clients. 

“We know investors are looking for interest-only options to aid cashflow positions and, by providing this on a fixed-rate basis, we’re helping them have some certainty over the cost of the finance during the first five years — something we feel will be welcomed during such uncertain times. 

“This product designed specifically for semi-commercial assets gives us an opportunity to support experienced commercial investors with viable propositions that benefit from diversified income streams.

“While, as an industry, we continue to weather the challenges the pandemic presents, as a lender we’re always looking at ways we can expand our offering to continue to provide long-term stable support to our borrowers.”

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