YBS Commercial Mortgages has introduced five-year tracker mortgages for standard buy-to-let and larger multi-unit freehold block properties.
The lender said the additions were made in response to broker demand for longer-term tracker options and would sit alongside its existing fixed rate and shorter-term products.
Its new standard buy-to-let product is available at a variable rate of 4.90%, comprising a 1.15% margin over Bank Rate, which is currently 3.75%.
The mortgage is available up to 75% LTV and carries a 2% arrangement fee.
MUFB TRACKER
YBS Commercial has also launched a five-year tracker for large multi-unit freehold blocks (MUFBs), which it defines as buildings containing seven or more separate residential units held with the land under a single freehold title.
The MUFB product is priced at a variable rate of 5.14%, comprising a 1.39% margin over Bank Rate. It is also available up to 75% LTV with a 2% arrangement fee.
Angela Norman, managing director of YBS Commercial Mortgages, says: “Broker feedback has consistently highlighted a desire for a wider range of tracker options, particularly for landlords seeking greater product flexibility over a longer period.
“Our new tracker products address that demand directly, giving investors more choice and value alongside traditional fixed rate and shorter-term options.
“This product has been designed to reflect the needs of today’s market, where economic uncertainty and changing interest rate expectations mean many landlords are looking for alternatives.
“Expanding our range in this way ensures they have access to products that align with their investment strategies and financing needs.”
