YBS Commercial Mortgages is cutting rates across the board by as much as 0.45%, effective today (4 November).

Products reducing include the lender’s buy-to-let (BTL) range for corporate clients or individual landlords with large loan requirements.

This includes the five-year fix up to 65% loan-to-value (LTV), which sees a reduction in rate to 5.90% from 6.35%.

The five-year fix up to 75% LTV has a new rate of 6.25% reduced from 6.70%.

All BTL products are available on loans up to £15m with a maximum term of 25 years.

Also included is the housing of multiple occupations (HMO) offering, which sees a new rate of 6.40% reduced from 6.85% up to 75% LTV. 

The lender says there will be no changes to the holiday lets product.

In addition, the five-year fixed rate semi-commercial product for semi-commercial assets has been reduced by 0.31% to 6.79%.

This is available on loans of up to £5m, up to 70% LTV.

YBS Commerical Mortgages head of business development Mike Davies says: “As the market starts to calm, we’re so pleased to be able to reduce rates across the range, providing much needed support for our brokers and their clients during this volatile time, and promoting investment in the UK economy. We hope this will be welcome news.”