YBS Commercial Mortgages

YBS Commercial Mortgages enhances HMO product

YBS Commercial Mortgages has improved its HMO product to make it more accessible to landlords.

Borrowers can now take out an HMO loan in their own name, rather than having to apply as a limited company.

In addition, the lender lifted the product’s geographical restrictions, which previously only allowed applications from select locations across the UK.

The changes have been made following broker feedback.

The lender’s HMO product offers facilities up to £1.5m per property for borrowers with minimum one year of experience as an HMO landlord.

Mike Davies, head of business development at YBS Commercial Mortgages (pictured above), said: “We’re really pleased to demonstrate our continued support for this sector, especially as we’ve seen the need for HMOs increase recently due to the rise in average rents outstripping wage inflation, making it difficult for young or low-income earners to rent a property exclusively. 

“We’re delighted to respond to broker feedback and market demand and make our product more accessible to a wider cross-section of landlords, and in turn, tenants will benefit.”

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