YBS and MFS improve semi-commercial and BTL mortgage deals

Two specialist landlord finance providers have revealed enhancements to their mortgage ranges to offer landlords more choice and flexibility.

YBS Commercial Mortgages has announced a series of changes to its semi-commercial and buy to let offerings.

The organisation is lifting the loan-to-value (LTV) threshold on its range for part-residential, part-commercial assets, with financing now available up to 75%, an increase from the previous 70% ceiling.

Alongside this, a new product has been introduced at 55% LTV, priced at 5.50% for a five-year fixed term with a 2% fee.

Corporate BTL customer deals

There’s also a five-year fixed rate of 5.90% is available up to 65% LTV, while borrowers with a smaller deposit can access a 6.25% rate up to 75% LTV.

The maximum loan size on its semi-commercial offering has also been raised to £5 million per property, up from £5 million per loan, allowing for larger individual transactions.

Corporate BTL customers can now access a five-year fixed rate of 4.35% up to 65% LTV by opting for a 5% upfront fee.

Angela Norman, the managing director at YBS Commercial Mortgages, said: “Our new buy to let product also expands the choice we can offer landlords looking to pay more upfront and benefit longer-term from a lower rate.”

MFS updates its Bridge Fusion range

Meanwhile, Market Financial Solutions (MFS) has updated its Bridge Fusion range, which blends features of bridging loans and buy to let mortgages.

The company has removed the maximum loan size across these products, with all applications now considered individually.

The firm has also cut rates for commercial loans within the range and lowered early repayment charges across the board.

Its product suite has been expanded from two tiers to three, a move designed to provide more competitive pricing.

Paresh Raja, the lender’s chief executive, said: “We pride ourselves on reviewing every application on a case-by-case basis, enabling us to find a way of saying ‘Yes’ to brokers and borrowers.

“Removing the maximum loan size and introducing a third tier to the Bridge Fusion range give us a greater chance of being able to take on a case, while reducing ERCs and commercial loan rates will also make the products that much more attractive to clients.”

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