YBS COMMERCIAL REACHES HALF-A-BILLION IN COMPLETIONS
09 Dec 2022
YBS Commercial Mortgages is celebrating this week, having hit a significant milestone by reaching the £500 million mark in mortgage completions this year.
This represents an increase in gross lending for the commercial lender - which relaunched as YBS Commercial Mortgages in 2019 - of nearly 50% compared to the previous year, thanks to application volumes rising by 150%.
This success comes as a result of the introduction of a variety of propositional and pipeline efficiency improvements this year, including the launch of a portal to allow brokers better control and visibility around the applications they’ve submitted.
Criteria changes have also helped ensure products are as accessible as possible to more borrowers who need them, and the lender has also introduced service enhancements, including strengthening regional teams to make them available wherever brokers need them.
Tom Simpson, managing director of YBS Commercial Mortgages, said: “This is a fantastic achievement and I thank every single member of the team for the part they have played in it.
“This year we’ve really demonstrated our long-term commitment to the commercial market through the actions we’ve taken, and it’s really paid off.
“Our strategy focusses on being the preferred lender for mid-tier property investors. We are fulfilling this through exceptional service and reliability – delivering on promises to our brokers. Feedback from our broker panel indicates that, in today’s uncertain market, this positioning is both unique and highly valued by them and their clients.”
Piotr Twaits, managing director of Synergy Commercial Finance, commented: “YBS Commercial Mortgages has delivered time and again for us, helping us to serve our clients, and proving their reliability as a strong, stable lending partner.”
Tom continued: “We hope to build on our success this year in the future, with significant ambitions for 2023 and beyond - which are already in progress.”