YBS Commercial Mortgages has reduced rates on its buy-to-let tracker product by 0.25%.
Landlords wishing to borrow up to a maximum of £20 million with an LTV of up to 75% can now benefit from a variable rate of 5.75% (Bank Base Rate + 1.25%).
The three-year product is available on a capital-and-interest or an interest-only basis, and comes with a 2% arrangement fee.
The latest reduction follows cuts to YBS's standard and specialist buy-to-let rates last month, with reductions across holiday let and HMO products.
Angela Norman, interim managing director at YBS Commercial Mortgages, said: “We’re so pleased to improve the value of our buy-to-let tracker, launched last year as a direct result of broker feedback.
“This product recognises the current, volatile environment, with borrowers carefully considering their choices – in some cases, looking for an option other than to fix their rate.
“Maintaining pricing on the rest of the range means that we can provide the stability that we know is so important to our brokers and customers.”
