Yorkshire Building Society’s commercial arm has added a 10 year fixed rate limited company buy-to-let product to its range.

Mortgage borrowers can take out a minimum loan of £250,000 and up to £5m, at a maximum loan to value of 75 per cent. The interest rate is 3.6 per cent.

YBS Commercial Mortgages head of business development Mike Davies says: “We know that current market conditions are choppy with several external factors expected to dampen the economy in the short term. 

“We are confident that in the long term the buy-to-let market is robust and will continue to grow even if there is short term disruption.”

In 2019 limited company BTL lending accounted for £3.5bn to £4bn of the total £35bn buy-to-let market, according to YBS Commercial. 

Davies says in 2020 this amount is expected to increase further, adding the company has plans to launch more mortgages into the sector.

“YBS Commercial Mortgages will continue to build a range of niche buy-to-let products throughout the year to suit the needs of sector specific borrowers,” he says.