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YBS Commercial Mortgages pipeline exceeds £100m

YBS Commercial Mortgages has reported an offer pipeline exceeding £100m.

 

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

The lender has since doubled its team, introduced new propositions and expanded its broker panel, 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 £100m mark in our offer pipeline.”

“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.”

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