YBS, Together and HTB cut rates and unveil new products

Three major lenders – YBS Commercial Mortgages, Together and Hampshire Trust Bank (HTB) – have unveiled enhancements to their lending offerings, including reduced rates and innovative products.

YBS has revamped its buy to let lending portfolio, introducing competitive rate reductions and new products to support seasoned landlords.

For borrowings of more than £750,000, rates on the BTL range have been trimmed by 0.15%.

A five-year fixed rate is now at 4.80% (down from 4.95%) up to 65% loan-to-value (LTV) with a 3% fee.

Also, two new offerings at 55% LTV have been launched, priced at 4.75% (five-year fix, 3% fee) and 4.95% (2% fee).

BTL lending structure

The lender has also lowered rates on its semi-commercial product, designed for mixed residential and commercial properties, by 0.20%.

Borrowers can now secure a five-year fix at 6.20% (previously 6.40%) up to 60% LTV, or 6.25% (down from 6.45%) up to 70% LTV, both with a 3% fee.

Mike Davies, the head of lending at YBS Commercial Mortgages, said: “Reviewing our lending structure for buy to let and adding new products at 55% LTV means we can provide even better value, especially for those with higher borrowing requirements.”

Together expands access to low-cost bridging loans

Specialist lender Together has widened access to its lowest bridging loan rates, now available up to 60% LTV, up from 50%.

For first charge regulated bridging products, the rate of 0.85% is now accessible at this higher LTV threshold, with the same applying to second charge products.

Loans range from £50,000 to £3 million, accommodating non-standard constructions and diverse lending purposes.

The Cheadle-based firm, which recently achieved a record £152 million in intermediary sales for March, emphasises flexibility and rapid processing.

HTB simplifies semi-commercial lending

Hampshire Trust Bank (HTB) is allowing standard buy to let rates to be applied to qualifying semi-commercial loans exceeding £5 million, where the commercial component is 20% or less of the property.

This adjustment targets mixed-use properties, such as flats above retail units, which, it says, are gaining traction among investors seeking diversified returns.

By offering standard BTL rates, HTB ensures brokers can structure complex deals without sacrificing affordability, particularly for properties with stable commercial elements like convenience stores or takeaways.

Andrea Glasgow, the firm’s sales director – specialist mortgages and bridging finance, said: “We’ve seen a clear rise in demand for mixed-use property, particularly where the commercial part is modest but contributes to a strong overall return.

“These are often flats above shops or mixed-use assets where the commercial use is stable and predictable, such as a convenience store or takeaway.

“The structure is sound, the return is strong, and the pricing should reflect that. This change brings more flexibility.”

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