YBS Commercial Mortgages has added a new offering to its buy-to-let (BTL) range with new ‘fast track’ product options.

The new range offers cheaper rates, a faster and more focused process, and has fewer documentation requirements.

The new service applies to properties which are of standard construction, with an energy performance certificate (EPC) rating of A-C, and a unit size of more than 35 square metres.

Providing that all supporting documents are provided within 10 working days of application, the commercial lender has committed to providing an offer (subject-to-valuation) within five working days.

YBS Commercial is also offering the option for borrowers to use Title Insurance (subject to meeting the criteria) for a faster completion time.

The new fast track offering is available for interest-only loans of between £500K and £3 million, for property purchase or refinance.

Eligible products are a five-year fix up to 65% loan-to-value (LTV) at a competitive rate of 4.40% with a 2% fee, or a five-year fix up to 75% LTV at 4.60% with a 2% fee.

YBS Commercial Mortgages managing director Angela Norman says: “We’re really pleased to demonstrate our continued support for portfolio landlords with this new range.”

“The new service level agreement tailored specifically for this new product means we can provide clarity and certainty even earlier in the application process for those with more straightforward cases.”

In October, YBS Commercial Mortgages introduced a 24-hour decision-in-principle (DIP) following initial enquiry, for cases where all relevant information is supplied up front.