Friday, December 1, 2023
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UTB provides £6.25m commercial bridge
Homes at 1 Mayfair in London's most expensive luxury development will start at £35 million
Blue Shield completes £16.7m bridge for buy to rent landlord
YBS Commercial Mortgages has announced significant rate cuts across its product range. The reductions include 0.30% off on buy-to-let options for loans under £1 million, and 0.20% for loans of £1 million or more.
Specialised products like holiday lets and HMOs have seen a 0.20% decrease, now at 6.35% and 6.30% respectively. The newly launched five-year fixed commercial investment product is also reduced by 0.20%. For semi-commercial assets, rates are now 7.10% and 7.15%, depending on the loan-to-value (LTV) ratio.
Other highlights include a new five-year fix for buy-to-let clients at reduced rates, with different LTV options and fees.
Tom Simpson, managing director, shared the lender’s dedication to market responsiveness, aiming to maintain competitiveness and benefit both brokers and clients.
Call Trinity Specialist Finance to secure a mortgage on 020 7016 6151 or book a consultation
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