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YBS Commercial Mortgages has announced the introduction of a new buy-to-let tracker mortgage product for portfolio landlords, alongside a reduction in rates across its range by 0.20%.
The lender’s tracker, available at a variable rate of 6.75% (Bank Base Rate + 1.50%) for three years, caters to the needs of landlords seeking flexibility in a fluctuating market environment.
This product is suitable for loans up to £20 million with a loan-to-value ratio of up to 75%. Managing director, Tom Simpson, highlighted the product's timing as particularly apt, considering the predictions of a Bank Rate drop, offering landlords an alternative to fixed-rate mortgages.
In addition to the tracker mortgage, YBS Commercial has adjusted its rates downward by 0.20% across its buy-to-let, holiday let, and houses of multiple occupancy (HMO) ranges, as well as its semi-commercial offerings. Key updates include a five-year fixed rate now at 4.90% for loans exceeding £1 million and
Source: YBS Commercial Mortgages
Call Trinity Specialist Finance to secure funding for a commercial mortgage on 020 7016 6151 or book a consultation
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