YBS Commercial Mortgages

YBS Commercial Mortgages provides BTL investor with £4.3m remortgage

YBS Commercial Mortgages has completed a £4.3m remortgage deal for a BTL investor with a large residential portfolio of 33 houses and 55 flats.

The loan was agreed at a fixed rate of 3.55% for 10 years on an interest-only basis and tailored to meet the client’s needs due to the number of properties involved.

This follows the launch of the lender’s new offering for landlords purchasing HMOs.

Allan Griffiths, regional lead for the South West Hub at YBS Commercial Mortgages, said: “Now that we’ve bolstered our product offering, we look forward to helping even more portfolio landlords in the future, providing a range of borrowing options to meet their lending needs, or allowing them to expand their BTL portfolios.”

George Eleftheriou, managing director of Real Finance — who brokered the deal — added: “It’s great when lenders have a strong appetite to lend on some of the more complex portfolios. 

“Considering its complexity, everyone was pleased it all went through so smoothly. 

“There’s a real place in the market for lenders to demonstrate their support for portfolio landlords and I’m delighted with the outcome of this deal.”

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