YBS Commercial Mortgages has removed product tiering across several of its lending ranges, allowing landlords and investors to access the same rates regardless of loan size.
The changes, which take effect immediately, build on the commercial lender’s recent launch of a new range of two-year fixed rates for buy-to-let borrowing.
YBS Commercial has now confirmed it is removing product tiering across its buy-to-let, commercial investment and business owner-occupier ranges.
The move is intended to simplify the proposition and ensure that borrowers can benefit from competitive pricing irrespective of their borrowing requirements.
As a result, portfolio landlords borrowing between £500k and £20m can now access a five-year fixed rate priced at 4.10% up to 65% loan-to-value, with a 5% fee. Previously, this rate was only available on loans of £750k and above.
Angela Norman, managing director at YBS Commercial Mortgages, said: “We’re really pleased to remove tiering across our product ranges, ensuring that we can offer landlords access to the same competitive rates, no matter what their borrowing goals are.
“This also allows us to retain our position in the market, demonstrating our continued commitment to supporting investors, portfolio landlords and the commercial sector as a whole.”
