31 Mar 2021

YBS Commercial Mortgages has reported more than £100million in its offer pipeline, just 18 months after its formation. 

The commercial lending arm of Yorkshire Building Society started with just 25 colleagues and nine panel broker partners in 2019.

Despite the pandemic, the lender has doubled its team, introduced new propositions and expanded its broker panel significantly, now working with more than 120 broker firms.

Tom Simpson, director of YBS Commercial Mortgages, said: “The impact Coronavirus had on the market was significant and affected many of our key sectors and investor confidence, but in the face of adversity we saw opportunity, and I’m delighted we’ve broken the £100million mark in our offer pipeline.”

YBS Commercial Mortgages says the new products it launched to support investors have contributed to an increased number of deals in the pipeline, after launching a five-year semi-commercial product and a holiday buy-to-let offering as it looked to support the bounce back of the staycation sector.

Tom added: “The commercial property market is fundamentally strong and there should always be support for experienced investors operating in sectors that are largely resistant to the impact of the pandemic, such as essential retail or manufacturing.

“We’re also keen to support sectors that are set to thrive as lockdown restrictions ease, such as the UK holiday market, particularly while uncertainty around overseas travel remains. There’s light at the end of the tunnel and we look forward to continuing to deliver reliable, long-term mortgage solutions for brokers and their clients.”