YBS Commercial Mortgages improves BTL affordability criteria

YBS Commercial Mortgages has reduced the ICR thresholds across its BTL range following broker and borrower feedback.

The lender has changed its calculations so that clients no longer need to achieve as much income to hit the ICR, which will allow them to borrow more funds than before.

The offering applies to all borrowers types for standard residential BTL properties and HMOs.

The news comes after a period of growth for YBS Commercial Mortgages, which saw lending increase by over 150%.

The company also introduced a new range of products and process enhancements and increased the number of relationship directors available to support borrowers and brokers by 50%.

Tom Simpson, managing director at YBS Commercial Mortgages, said: “By making this change to our affordability criteria, we’re significantly increasing the amount of money our borrowers can access, while ensuring we remain committed to lending responsibly.

“We are committed to providing our broker partners and borrowers with the best possible service in the commercial finance market.”

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