YBS Commercial Mortgages has removed product tiering from its buy-to-let (BTL), commercial investment and business owner-occupier ranges.
The measure is intended to simplify the product offering and allow landlords and investors to benefit from the same rates.
The changes mean that portfolio landlords looking to borrow between £500,000 and £20 million can now take advantage of a five-year fixed rate, priced at 4.10% to 65% loan-to-value (LTV), with a 5% fee.
This was previously reserved for loan amounts of £750,000 and over.
Angela Norman, director of YBS Commercial Mortgages, said: “We are very pleased to be able to remove the layering in our product range, so we can offer landlords access to the same competitive rates whatever their borrowing goals.”
“This also allows us to maintain our position in the market, demonstrating our continued commitment to supporting investors, portfolio landlords and the commercial sector as a whole.”
This follows last week’s introduction of a new set of two-year fixes for its BTL range.