Landbay and YBS Commercial boost BTL offerings

Two major lenders have unveiled updates to their buy to let mortgage products, offering lower rates and enhanced broker incentives.

Landbay has rolled out its Summer Special range, featuring five new products with competitive pricing, while YBS Commercial Mortgages has increased procuration fees for brokers and trimmed rates across its BTL portfolio.

Landbay’s new Summer Special range introduces three five-year fixed-rate mortgages and two two-year fixed-rate options, all available up to 75% loan-to-value (LTV).

The five-year products start at 4.35% with a 5% fee, 4.75% with a 3% fee and 4.95% with a 2% fee.

The two-year fixes begin at 4.39% with a 3% fee and 4.89% with a 2% fee.

Accessible and competitively priced

These rates reflect reductions of up to 0.44% compared to existing products, with two-year options seeing a 0.30% decrease and five-year deals improving by 0.44%.

Suitable for standard properties, the loans range from £30,000 to £2 million, and landlords can benefit from Landbay’s flexible fee structure.

Rob Stanton, sales and distribution director at Landbay, said: “These five new products are highly accessible, competitively priced and a strong addition to our product offering.

“It is a fantastic testament to the strength of our tech-first approach, which enables us to identify opportunities, act quickly and deliver for our brokers and their landlord clients.”

YBS’ BTL and commercial investment products

Meanwhile, YBS Commercial Mortgages has enhanced its broker proposition by raising the procuration fee to 1% of the total deal value upon completion.

That’s up from 0.75%, aligning BTL cases with its commercial investment products.

This change applies to all new BTL applications, including specialist products like houses of multiple occupancy (HMOs) and holiday lets.

YBS has also reduced rates across its BTL range by 0.05%.

Notable offerings include a five-year fixed rate starting at 4.70% for loans over £750,000 at 55% LTV with a 3% fee, and a 5.40% rate for HMO loans up to six bedrooms at 75% LTV with a 2% fee.

Angela Norman, the lender’s managing director, said: “Aligning our procuration fees across the board, recognising the value that brokers bring to the lending process, their hard work and dedication to each and every case, and the critical importance we place on our partnerships with them.

“In addition, we’re really pleased to be able to improve the competitiveness of our buy to let range, offering better value for landlords and investors.”

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