YBS Commercial has recently unveiled enhancements to its buy-to-let valuation processes, aiming to streamline the experience for portfolio landlords. This move is specifically designed to save time and reduce costs for those managing up to four properties with borrowing needs not exceeding £3 million.

Under the new system, YBS Commercial now offers shorter, simpler valuations instead of the traditional, more detailed ‘red book’ assessments. This adjustment means that landlords can get an estimate of their properties’ market value more quickly and with less financial outlay.

To take advantage of the new streamlined valuation process, the properties in question must be houses or flats. Importantly, all the standard lending criteria set by the lender still apply.

Impact on Landlords and Brokers

Tom Simpson, the managing director of YBS Commercial Mortgages, highlighted the significance of this change. According to Simpson, the modifications were made in response to feedback from brokers and are part of a broader effort to enhance customer service.

“The improvements will not only save money on valuation fees—sometimes a substantial amount—but will also shorten the time needed to complete valuation reports,” Simpson explained. This is expected to speed up the overall lending process, enhancing the borrowing experience.

Commitment to Continuous Improvement

YBS Commercial’s recent changes underscore its dedication to adapting and improving its processes based on broker feedback. This strategy is aimed at continually enhancing the services provided to brokers and, by extension, to their clients.

Support in a Challenging Economic Climate

The initiative comes at a time when landlords are facing increased financial pressure due to higher interest rates. “Given the current climate, which has seen landlords struggling to manage their costs in a higher rate environment, we hope this will be a welcome step,” Simpson noted.