The commercial lending arm of Yorkshire Building Society started with just 25 colleagues and nine panel broker partners in 2019. 

Despite the pandemic, the lender has doubled its team, introduced new propositions and expanded its broker panel, now working with more than 120 broker firms.

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According to the lender, the new products it launched to support investors, including a semi-commercial five-year fixed-rate,10-year fixed-rate limited company BTL, and a holiday BTL offering, have contributed to the increased number of deals in its pipeline.

Tom Simpson, director at YBS Commercial Mortgages (pictured above), said: “The impact coronavirus had on the market was significant and affected many of our key sectors and investor confidence but, in the face of adversity, we saw opportunity, and I’m delighted we’ve broken the £100m mark in our offer pipeline.

“The commercial property market is fundamentally strong and there should always be support for experienced investors operating in sectors that are largely resistant to the impact of the pandemic, such as essential retail or manufacturing. 

“We’re also keen to support sectors that are set to thrive as lockdown restrictions ease, such as the UK holiday market, particularly while uncertainty around overseas travel remains. 

“There’s light at the end of the tunnel and we look forward to continuing to deliver reliable, long-term mortgage solutions for brokers and their clients.”