YBS Commercial Mortgages has launched a new buy-to-let (BTL) range and made reductions of up to 0.20% to products.
The updated range, launched following broker feedback, includes a 0.20% reduction to 5-year fixed rate products, and a 0.15% reduction to its 10-year fix.
The houses in multiple occupation (HMOs) product rate has also been reduced by 0.10%.
Highlights of the new range, which is available to corporate or individual large loan BTL clients, includes the 65% loan-to-value (LTV) 5-year fix cut from 3.40% to 3.20%.
As well as this, the 75% LTV 5-year fix has been cut from 3.55% to 3.35% and the 75% LTV 1-year fix has been reduced from 3.85% to 3.70%.
For landlord clients with at least one year’s HMO experience, launched in May this year, the HMO product is available at 3.80% (was 3.90%), fixed for 5-years, with a maximum LTV of 75%.
There are no changes to the lender’s holiday let product.
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.”