Good news for landlords! Yorkshire Building Society (YBS) has announced cuts to its buy-to-let and semi-commercial mortgage rates.
In a move designed to support landlords, YBS has reduced rates across a range of its mortgage products. This includes:
Buy-to-Let Mortgages
- Rate cut: 0.05% across all products.
- Highlight: Secure a five-year fixed-rate mortgage at a competitive 4.95% on loans over £1 million (up to 65% loan-to-value (LTV) with a 3% fee).
HMO and Holiday Let Mortgages
- Rate cut: 0.05% across all products.
- Highlight: Benefit from a five-year fixed-rate mortgage, ideal for holiday lets, at 5.60% (up to 75% LTV with a 2% fee).
Semi-Commercial Mortgages
- Rate cut: 0.15%
- Highlight: Secure a five-year fixed rate of 6.45% (previously 6.60%) on loans up to £5 million (up to 70% LTV with a 3% fee). This product is tailored for properties with both residential and commercial elements.
Angela Norman, interim managing director at YBS Commercial Mortgages, expressed the company’s commitment to supporting both brokers and their landlord clients, stating that these rate reductions are part of a wider effort to make borrowing more affordable and accessible.