YBS Commercial Mortgages has introduced a new three-year tracker product to its range for multi-unit freehold blocks (MUFBs), providing landlords with more options in the current environment.

A multi-unit freehold block (MUFB) is a building that contains two or more separate residential or commercial units (such as flats, apartments, or shops) where the building and land are owned under a single freehold title.

The new product is available for MUFBs with seven or more units at a highly competitive variable rate of 4.99% (1.24% + Bank Base Rate -currently 3.75%).

It can be accessed on a capital-and-interest, or an interest-only basis, on mortgages up to 75% loan-to-value (LTV), with a 2% arrangement fee.

YBS Commercial Mortgages managing director Angela Normal says: “Developed in direct response to broker and customer feedback, we’re delighted to introduce a new tracker option for landlords with MUFBs, to complement our existing fixed-rate offering.”

“This product reflects the realities of today’s market, where economic uncertainty and fluctuating interest rate expectations are influencing borrower decisions, with landlords seeking the option of greater flexibility rather than committing to a fixed rate for an extended period.”