We provide mortgages for the purpose of purchasing, remortgaging or capital-raising against residential investment property owned via a limited company or limited liability partnership.

We lend against purchase price, open market vacant possession, or investment valuation - whichever is lowest.

We are able to lend to the following:
 
  • UK Limited Companies
  • Limited Liability Partnerships
  • New/existing SPVs & Trading Businesses
We accept the following as security: 
 
  • Houses
  • Flats
  • Bungalows
  • Multi-Unit Freehold Blocks (MUFBs)
Does your property require mandatory licencing? Our House of Multiple Occupation ('HMO') product may be a better fit.

All loans are subject to status and secured against the property with full personal guarantee(s) required. Sometimes additional security may be required. Early repayment charges and an arrangement fee apply. Other fees may also apply. Exclusions and conditions apply. For more information you can call us on 0333 414 1171.

We provide:

  • Loan terms from 5 to 25 years
  • Loans from £500,000 up to £20,000,000 maximum per portfolio.
  • Up to 75% LTV
  • Repayment, part & part and interest only payment options
  • No compulsory insurance arrangements (fees and conditions apply)
  • No requirement to transfer your business bank account
Contact your dedicated regional team here.
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


Criteria & important info

Fees & Charges

For a full list of our mortgage charges and a description of when these may apply, you can download our Guide to Buy to Let Fees and Charges.


Early repayment charges

You can pay off your mortgage early whenever you want, but you will have to pay an Early Repayment Charge if you repay all or part of your mortgage within a specified period. Additional interest will be payable in the event of early redemption of the mortgage. Please contact Commercial Lending on 01733 372 425 to discuss what Early Repayment Charges are applicable to our products.

FAQ's

I am buying a commercial property for my business that has a flat above it. Can I take out a commercial mortgage, even though some of the property is residential?

It all depends on what your plans are for the flat.

If the residential part is less than 40% of the whole property, then you can take out a commercial mortgage, regardless of what you intend to do with the flat.

If the flat is more than 40% of the total area and you are intending to let the flat out on an Assured Shorthold Tenancy, you can still have a commercial mortgage.

On the other hand, if the flat is more than 40% of the total area and you or your immediate family plan to live in the flat, you may need to consider a residential mortgage which is regulated by the Financial Conduct Authority (FCA). In which case, unfortunately, we would be unable to help you.

I let my BTL Property to 3 unrelated tenants, but I’m not required to have an HMO license. Can I apply for this product?

Yes, our Corporate BTL product is suitable for properties which do not require either mandatory or local authority licencing. If you do require a licence, check out our HMO product here.


How to apply

 

Get in touch

Contact your dedicated regional team here.

Post

Send a completed application form and your documentation to us.

Postal address

YBS Commercial Mortgages
Broadoak
Southgate Park
Bakewell Road
Peterborough
PE2 6YS

Paperwork we'll need to see

  • Fully completed application form.
  • A full copy of the tenancy agreement(s).
  • Evidence of your income (The last three years' audited or certified accounts if you're self employed or the last 3 months payslips and P60 if you're employed)
  • Your last six months' business and personal bank statements (three months for BTL products).
  • Details of your background and experience.
  • Copy of ID (valid driving licence and/or passport).

This is not a comprehensive list of requirements and as such depending on the type of business borrowing you may be exempt from certain requests or be required to provide additional information.