Yorkshire Building Society (YBS) recently announced a 10 basis point reduction in its 5-year semi-commercial mortgage rates for landlords. This move is designed to help landlords who are looking to purchase or remortgage a property for residential or semi-commercial use.
The new 5-year semi-commercial mortgage rate from YBS is now 2.59%, which is the lowest rate offered by the building society. This rate is available for loans up to £1 million, with a minimum loan amount of £50,000. The rate is fixed for five years, and borrowers can choose from either a capital repayment or an interest-only mortgage.
YBS is also offering a range of other benefits to landlords, including free legal fees on remortgages and discounted legal fees on purchases. The building society is also offering a free valuation on purchases, and a free standard valuation on remortgages.
The new 5-year semi-commercial mortgage rate from YBS is designed to help landlords who are looking to purchase or remortgage a property for residential or semi-commercial use. This rate is competitively priced and could be beneficial for landlords who are looking to take advantage of the current low interest rate environment.
YBS is committed to helping landlords with their mortgage needs and this 10 basis point reduction in its 5-year semi-commercial mortgage rates is just one of the ways that it is doing so. The building society is also offering a range of other benefits to landlords, such as free legal fees and discounted legal fees, which could help to make the process of purchasing or remortgaging a property much easier.
Overall, YBS’s 10 basis point reduction in its 5-year semi-commercial mortgage rates is great news for landlords who are looking to purchase or remortgage a property for residential or semi-commercial use. The new rate is competitively priced and could be beneficial for landlords who are looking to take advantage of the current low interest rate environment. In addition, YBS is offering a range of other benefits to landlords, such as free legal fees and discounted legal fees, which could help to make the process of purchasing or remortgaging a property much easier.