YBS Commercial Mortgages

Who we are

The Commercial arm of Yorkshire Building Society, YBS Commercial Mortgages offers an award-winning commercial mortgage service to both trading businesses and property investors who are based in the UK.

Over 25 years ago, we set up a specialist team to deal with commercial mortgage enquiries, and now the team has over 2,000 mortgage customers.

We are proud of our innovative and flexible approach.

All loans are subject to status and secured against property. Sometimes, additional security may be required. Arrangement fees will apply to all our products. Early repayment charges apply.

We provide:

Commercial investment, business owner occupier and limited company buy-to-let mortgages.

Lending amounts £500,000 - £20,000,000 maximum per portfolio.

Loan terms from 5 to 25 years.

Dedicated personal service from application through to completion.

Loans up to 75% LTV.

Named points of contact with direct dial contact numbers.

Both variable and fixed rates.

YBS Commercial Mortgages has scooped the title of ‘Best Service from a Commercial Mortgage Provider’ at the 2021 Business Moneyfacts Awards.

YBS Commercial named best lender for service

YBS Commercial Mortgages has scooped the title of ‘Best Service from a Commercial Mortgage Provider’ at the 2021 Business Moneyfacts Awards.

The financial awards ceremony, held virtually because of the current restrictions, is the largest in the UK and one of the highlights of the industry calendar, celebrating the best of the best in financial services.

Finalists and winners are decided as a result of rigorous product monitoring and broker and business community feedback.

YBS Commercial Mortgages was also highly commended in the Best Commercial Mortgage Provider at the same event.

Mike Davies, head of business development at YBS Commercial, said: “We’re absolutely delighted to claim the top award in a key category and be highly commended in another - it’s fantastic.

“The challenges our industry has faced this year, like many others, has been significant, but this award is testament to how our business and teams have responded - keeping our brokers, clients and investors central to everything we do.

“We’re really proud that our commitment to service and efforts in building and maintaining relationships with those we do business with – this year of all - has been recognised.”

Lee Tillcock, Editor of Business Moneyfacts, said: “The last year has provided challenges to the economy and the business sector that no one had foreseen. While Brexit negotiations continued and finally completed, COVID-19 caused businesses, brokers and providers to re-evaluate the ways in which they undertook their working lives.

“The finalists and eventual winners at this year’s awards should be rightly proud of their achievements and have offered a range of products and services that have best supported the sector, at a time when its success and growth remain vital to the recovery of the wider economy.”

We have taken some time during July to take stock of the changes that we have made during the first half of 2020. Since relaunching last year we have seen plenty of internal changes. Our plans, as with most of our sector, have been impacted by Covid-19 and it remains to be seen what the ultimate affect of lockdown will be on the wider economy and the commercial finance sector. Whatever they are our commitment to remain open for business will be unchanged.

From a product perspective we have been focused on enhancing our Limited Company Buy to Let proposition. We have announced the changes we have made and new product launches in this newsletter. On the following page we have provided a summary of all our current Limited Company Buy to let criteria for easy reference.

Our broker panel has also changed radically, growing significantly in line with our plans to increase the amount of funding we are making available. We have looked at the level of business we have been doing with each of our panel members and will be sharing that with each of you individually over the next few weeks. We are committed to developing the best relationships that we can with our panel brokers and want to hear your feedback.

If you have any comments on our products or service please don’t hesitate to let us know.

Key Highlights

LTV 65% for Owner Occupied and Commercial Investment
75% for Corporate BTL for existing customers
65% for new Corporate BTL customers borrowing up to £15m

Maximum loan amount per unit for new security to:

£3m for Commercial Investment
£2m for Owner Occupied
£1m for Corporate BTL

Increased maximum customer exposure to £20m for existing YBS customers, £15m for new customers

YBS Commercial Lending Limited Company Buy to Let Criteria August 2020

Product	Max LTV ⁽¹⁾	Fixed Term	Loan Term	Pay Rate	Arr. Fee	Proc. Fee	Min. Loan	Max. Loan	Reversion Rate	ERCs	Affordability Assessment
Corporate BTL	65%	5 Year	Up to 25 years	3.35%	1.25% (1% added to loan)	0.75% (Paid by YBS)	£500k	£1m (per unit)	SVR	5%, 4%, 3%, 3%, 2%	125% ICR @ higher of 4% and Pay Rate +0.75%
	75%	5 Year		3.55%						5%, 4%, 3%, 3%, 2%
	75%	10 Year		3.6%						5%, 5%, 5%, 5%, 4%, 4%, 3%, 3%, 2.5%, 1.5%
Personal BTL	65%	5 Year		3.35%			£1.5m ⁽²⁾			5%, 4%, 3%, 3%, 2%	135% ICR @ higher of 5% and Pay Rate
	75%	5 Year		3.55%						5%, 4%, 3%, 3%, 2%
	75%	10 Year		3.6%						5%, 5%, 5%, 5%, 4%, 4%, 3%, 3%, 2.5%, 1.5%
Holiday Let	75%	5 Year		3.85%			£500k			5%, 4%, 3%, 2%	Net income⁽³⁾ 125% ICR at Higher of 5% Product rate + 1%
(1) Maximum 65% LTV for new build flats (2) Minimum loan £1.5m and 6+ properties OR Minimum £3m loan (any number of properties) (3) Net income = Gross holiday let income less actual letting agent costs and business rates (if payable)

Experts in commercial mortgages

Dedicated contact

A flexible approach to lending

Commercial mortgages

Future proofed

Who we are

We provide:

News

YBS Commercial named best lender for service

YBS Commercial named best lender for service

Additional enhancements to our buy to let range

Key Highlights

Maximum loan amount per unit for new security to:

YBS Commercial Lending Limited Company Buy to Let Criteria August 2020