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YBS Commercial unveil new limited company BTL product

YBS Commercial Mortgages has unveiled a new 5-year fixed limited company buy-to-let product.

The new product offers rates of 3.25% fixed for loans up to 65% LTV and 3.45% for loans up to 75% LTV.

Loans of up to £5m will be made available up to the maximum LTV of 75%.

Interest rates can be fixed for five years or a base rate tracker can be applied with a set margin committed up to 25 years.

Mike Davies, head of business development at YBS Commercial Mortgages, said: “We are responding to customer demand with the introduction of this five-year fixed rate limited company buy-to-let product.

“These products are currently the most commonly sold in the market, estimated to account for over 60% of lending volumes.

“Last year the buy-to-let market was expected to be worth £35bn, with limited company buy-to-let lending accounting for £3.5bn to £4bn of that total.

“The ratio of limited company to personal buy-to-let lending is expected to increase further in 2020.

“YBS Commercial Mortgages will be building a range of niche buy-to-let products in the coming months which will suit the needs of sector specific borrowers.

“Our flexible, personal service model allows us to tailor loans to suit the individual needs of our borrowers.”

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