YBS Commercial Mortgages and Accord update BTL ranges

YBS Commercial Mortgages and Accord Mortgages have made changes across their BTL product suites.

YBS Commercial Mortgages

YBS Commercial Mortgages has revealed its updated BTL range following broker feedback.

The revised products feature reductions of 0.2 percentage points across its five-year fixed-rate options, and is now available at 3.25% at 65% LTV and 3.35% at 75% LTV.

Meanwhile, its 10-year fix has been reduced by 0.15 percentage points and is now  offered at 3.70% at up to 75% LTV.

The rate for its new HMO offering for landlord clients with at least one year of HMO experience, which was launched in May this year , has also been trimmed, now priced at 3.80% at 75% LTV on five-year fixed terms. 

Mike Davies, head of business development at YBS Commercial Mortgages, said: “We’re really pleased to be able to offer this new range, which reflects both market conditions and feedback from our brokers. 

“We’re always looking for ways to exceed broker and borrower expectations, and pride ourselves on providing long-term, stable support with a good quality service. 

“We hope the new range will be welcomed by brokers and their clients.”

Accord Mortgages

Accord Mortgages has cut rates on some of its remortgage products across its BTL offering.

The lender has lowered pricing by 0.12 percentage points for selected 60% LTV options and by 0.08 at 65% LTV.

Following the changes, its two-year fixed-rate remortgage is available at 1.13% at 60% LTV for landlords with 40% equity — which includes a £1,495 completion fee, free standard valuation, and either £300 cashback or free remortgage legal services.

Meanwhile, its two-year fix at 65% LTV offers a rate of 1.71%, which comes with a £495 completion fee, free standard valuation, and either £250 cashback or free remortgage legal services.

The intermediary-only lender has also improved selected BTL purchase products, with a five-year fixed-rate option at 65% LTV now available at 1.89%. 

This mortgage comes with a £495 completion fee, £250 cashback, and free standard valuation. 

Simon Garner, BTL mortgage manager at Accord Mortgages, commented: “Reducing the rates on these selected products will give brokers and their landlord clients better value. 

“We’re sure they will be a welcome addition to the current competitive market.”

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