YBS Commercial Mortgages has launched a new “Fast Track” buy-to-let range, offering cheaper rates, reduced paperwork and a quicker path to offer for straightforward landlord cases.
The new products are designed for lower-risk transactions backed by experienced portfolio landlords and cover standard-construction properties with an EPC rating of A to C and a minimum size of 35 square metres.
Under the new scheme, the lender has committed to issuing an offer—subject to valuation—within five working days, provided all supporting documents are supplied within 10 working days of the initial application.
Borrowers can also choose to use Title Insurance, subject to eligibility, to further accelerate completion times.
Should an application fall outside the Fast Track parameters but still meet standard criteria, it will be transferred to YBS Commercial’s regular buy-to-let range.
The Fast Track offering is available on interest-only loans between £500,000 and £3 million for purchase or refinance. Rates include a five-year fixed term up to 65% LTV at 4.40% with a 2% fee, or a five-year fixed term up to 75% LTV at 4.60% with a 2% fee.
Angela Norman, managing director at YBS Commercial Mortgages, said: “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.
This move also demonstrates our ongoing commitment to making improvements which enhance the customer journey wherever possible, acting on feedback from our valued brokers.”
