YBS Commercial Mortgages has made changes to its lending criteria to further support companies in the estate agent and construction industries to apply for mortgages up to 65% LTV, with a maximum loan limit of £2m.
These latest changes follow the lender previously tightening its lending criteria on some industry sectors last year due to the pandemic. However, as the country gets back on the road to recovery, YBS Commercial says it is keen to highlight their support for 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.”