Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

YBS Commercial Launches MUFB Tracker; Zephyr Cuts HMO and MUFB Rates

YBS Commercial has added a new three-year tracker mortgage product for multi-unit freehold blocks (MUFBs). Zephyr Homeloans has reduced rates on its large house in multiple occupation (HMO) and MUFB Lifetime Tracker products by 0.25%.

YBS Commercial’s new tracker is available for MUFBs with seven or more units. The product is priced at 4.99%, which is 1.24% above the base rate, and is available up to 75% loan to value (LTV). The arrangement fee is 2%, and the product can be taken on either a capital and interest or interest-only basis.

Zephyr Homeloans has updated its buy-to-let range by cutting rates on its large HMO and MUFB Lifetime Tracker products. These products, available for properties with up to 12 bedrooms or units, now start from 5.74%. Zephyr has also repriced its fixed rates, increasing them by 0.2% in response to recent swap rate movements.

Zephyr Homeloans has notified brokers that they have until 5pm on 23 July to submit applications for the outgoing fixed rates before the new pricing takes effect.

These changes may be relevant to letting agents and inventory clerks managing large HMOs and MUFBs, as they could impact landlord financing options and property acquisition strategies.