YBS Commercial has brought out a new long-term fixed rate mortgage.

The semi-commercial offering is available at up to 65% LTV and has a rate of 4.80%.

The minimum loan value is £500,000 and the maximum, £5m.

Earlier this year, YBS Commercial added a five-year interest-only semi-commercial mortgage available at up to 70% LTV at 4.70%, which was reduced to 4.35% last week.

YBS Commercial Mortgages head of business development Mike Davies says: “We know, during these uncertain times, that brokers and their clients are looking for ways to have some element of certainty of costs, which fixed rates obviously provide.

“As a lender we’re always looking at ways we can expand our offering to continue to provide long-term stable support for our borrowers, and launching this new product is a great way we’ve been able to demonstrate this.”