YBS Commercial Mortgages

YBS cuts rates on semi-commercial offering

YBS Commercial Mortgages has reduced the rate on its semi-commercial five-year fixed-rate mortgage.

The rate has been lowered from 4.70% to 4.35%.

The product is available for loans between £500,000 and £5m, up to 70% LTV.

It also offers customers the flexibility of five years of interest-only repayments, before reverting to capital and interest for the remainder of the term, with loan terms of between five and 25 years.

The lender, which has been developing its range of specialist BTL products, including holiday lets, launched its first semi-commercial product in January 2021, designed specifically for semi-commercial assets.

“We’re really pleased to be able to respond to feedback and offer a reduced rate to make this product more competitive for our brokers and their clients,” said Mike Davies, head of business development at YBS Commercial Mortgages (pictured above).

“Retail businesses have been impacted by the lockdown, but essential retail has been in demand, so supporting semi-commercial means we’re supporting key sectors of the economy. 

“We have been committed to continue lending since lockdown began, and semi-commercial lending is another way for us to do this. 

“We’re always looking at ways we can provide long-term stable support for our borrowers and we’ll continue to do so both now and in the future.”

Earlier this month, YBS Commercial Mortgages reported it had over £100m in its offer pipeline, 18 months after its formation.

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