YBS Commercial Mortgages updates criteria for estate agents and construction companies
YBS Commercial Mortgages has made changes to its lending criteria to support both estate agents and construction companies.
The changes will allow businesses in these sectors to apply for mortgages up to 65% LTV, with a maximum loan limit of £2m.
The commercial lender previously tightened its lending criteria on some industry sectors last year due to the pandemic, but as the country gets back on the road to recovery it is keen to support sectors that will help drive the UK economy forward.
Mike Davies, head of business development at YBS Commercial Mortgages, said: “We’re delighted to be building on our reputation as a lender that offers long-term support for new clients.
“We know that during the last year some sectors have been underserved in the commercial market and we hope that by being able to open our products up to these industries, it will not only help the market, but give the wider economy a boost.”