YBS Commercial Mortgages

YBS Commercial updates BTL criteria

YBS Commercial Mortgages has improved its BTL range criteria to make it accessible to more landlords borrowing in their own name.

The lender has removed the minimum threshold on the amount an individual landlord can borrow where they have at least six BTL properties mortgaged/to be mortgaged with YBS Commercial Mortgages, or 11 or more BTL properties mortgaged with all lenders.

If a landlord does not fit one of these criteria, the company will consider applications starting from £3m.

Mike Davies, head of business development at YBS Commercial Mortgages, said: “Previously, a landlord needed to have at least six properties with us, as well as to borrow at least £1.5m to be considered for a loan. 

“These changes widen the qualifying criteria to include more borrowers and reflect our desire to close a gap, which has prevented us from helping as many borrowers as we’d like.”

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