15 Jun 2021

YBS Commercial Mortgages has completed a high value remortgage deal, worth £6.2 million, for a nationwide mixed portfolio client.

The deal was agreed in the lender’s Wales & South West Hub, based in Cardiff, for a client with a large residential and commercial portfolio, spread across the UK. The YBS team were required to work collaboratively across the country, drawing on local market knowledge to deliver the best outcome for the client.

The deal was confirmed at a blended rate of 3.65% - as the product was tailored very specifically to meet the individual needs of the client – with part of the offering fixed for five-years on an interest-only basis.

The commercial lender has just celebrated its second anniversary, and will soon be looking to expand the team to provide support to more clients, due to increasing demand in the current climate.

Allan Griffiths, regional director for the Wales & South West Region at YBS Commercial Mortgages, said: “This high-value and complex deal represents our commitment to provide a tailored and personal service to each client, amending our offering carefully to fit borrower requirements.”

Victor Amar and Joseph Kay of Mirabelle Finance brokered the deal. Victor Amar said: “It’s much appreciated when lenders are willing to put in the required hard work and show professionalism and full understanding of a clients’ business, especially on a complex portfolio deal like this. It was a great pleasure to deal with Sue, our relationship director, and we are delighted with the outcome.”