YBS Commercial Mortgages has relaxed lending rules on selected loans and launched a new product.  

Yorkshire Building Society’s property investor arm has lifted loan-to-value ratios on its semi-commercial range, designed specifically for part-residential, part-commercial assets, offering loans to 75% LTV, up from a maximum of 70% LTV. 

It has also increased the maximum loan available on its semi-commercial offering to £5m per property, from £5m per loan. 

The commercial lender has also introduced a new loan, available up to 55% LTV, priced at 5.50% for a five-year fix, with a 2% fee.  

It also offers a five-year fix at 5.90% up to 65% LTV with a 2% fee, and for borrowers with a smaller deposit, loans are available at 6.25% with a 2% fee, up to 75% LTV. 

As an addition to its buy-to-let range, for corporate BTL customers, it offers loans priced at just 4.35% fixed for five years, up to 65% LTV with a 5% fee, which the lender says, “allows investors the chance to benefit from a better rate by paying a higher fee upfront”. 

YBS Commercial Mortgages managing director Angela Norman says the moves “offer a number of changes across our product range, incorporating new options for investors with part-residential, part commercial assets who rely on diversified income streams, including a competitive new low LTV product, as well as supporting those with a smaller deposit and those looking to borrow more. 

“Our new BTL product also expands the choice we can offer landlords looking to pay more upfront and benefit longer-term from a lower rate.”