YBS COMMERCIAL MORTGAGES EXPANDS SEMI-COMMERCIAL FIXED RATE OFFERING
19 Apr 2021
YBS Commercial Mortgages has expanded its semi-commercial range by adding a new 10-year fixed rate mortgage.
The new deal comes with a rate of 4.8%, fixed for 10 years up to 65% loan-to-value (LTV) and is available for loans between £500,000 and £5million.
This is the second product in the lender’s semi-commercial range, joining a five-year fixed rate product that was reduced to 4.35% just last week.
Mike Davies, head of business development at YBS Commercial Mortgages, said: “We’re delighted to be building on the launch of our successful five-year semi-commercial fixed rate mortgage with the addition of this new 10-year deal.
“We know, during these uncertain times, that brokers and their clients are looking for ways to have some element of certainty of costs, which fixed rates obviously provide.
“As a lender we’re always looking at ways we can expand our offering to continue to provide long-term stable support for our borrowers, and launching this new product is a great way we’ve been able to demonstrate this.”
The new addition is in response to broker feedback, and joins other specialist buy-to-let products YBS Commercial Mortgages has recently introduced, such as holiday lets, to give investors more choice when financing property for the expected boom of the staycation market.