YBS Commercial Mortgages has announced a new 10-year fixed rate Limited Company buy-to-let product to add to its award-winning range.
Already an established Limited Company buy-to-let mortgage lender, offering long term committed mortgages with terms up to 25 years, the mutual lender has today (11 March 2020) launched a new 10-year fixed rate at 3.60% for loans up to 75% loan-to-value (LTV) with a minimum loan size of £250,000 and maximum of £5million.
Mike Davies, Head of Business Development at YBS Commercial Mortgages, said:
“We know that current market conditions are choppy with several external factors expected to dampen the economy in the short term. We are responding to customer demand with the introduction of this ten-year fixed rate Limited Company buy-to-let product so that we can provide our borrowers with rate certainty. We are confident that in the long term the buy-to-let market is robust and will continue to grow even if there is short term disruption.
Last year Limited Company buy-to-let lending accounted for £3.5bn to £4bn of the total £35bn buy-to-let market, and in 2020 this amount is expected to increase further. YBS Commercial Mortgages will continue to build a range of niche buy-to-let products throughout the year to 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.”