Commercial News

YBS expands semi-commercial range with 10-year fix

Rozi Jones -
|
19th April 2021
ybs yorkshire building society
"We’re delighted to be building on the launch of our successful five-year semi-commercial fixed rate mortgage with the addition of this new 10-year deal."

YBS Commercial Mortgages has expanded its semi-commercial range by adding a new 10-year fixed rate mortgage.

The new deal comes with a rate of 4.80%, fixed for 10 years up to 65% LTV and is available for loans between £500,000 and £5million.

This is the second new product in the lender’s semi-commercial range, joining a five-year fixed rate product that was reduced to 4.35% just last week.

The new addition joins other specialist buy-to-let products YBS Commercial Mortgages has recently introduced, such as holiday lets, to give investors more choice when financing property for the expected boom of the staycation market.

Mike Davies, head of business development at YBS Commercial Mortgages, said: “We’re delighted to be building on the launch of our successful five-year semi-commercial fixed rate mortgage with the addition of this new 10-year deal.

“We know, during these uncertain times, that brokers and their clients are looking for ways to have some element of certainty of costs, which fixed rates obviously provide.

“As a lender we’re always looking at ways we can expand our offering to continue to provide long-term stable support for our borrowers, and launching this new product is a great way we’ve been able to demonstrate this.”

Related articles
More from Commercial News
Subscribe
to our newsletter

Join a community of over 6,700 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.