YBS Commercial Mortgage increased its balance sheet to £2.2 billion after completing a £453 million loan in 2024.
The Yorkshire Construction Association’s commercial department said £377 million of loans last year was in the private rental sector and £76 million was in the commercial property.
YBS Commercial said its growth comes after responding to broker feedback by improving intermediary support.
This includes expanding its business development and regional lending teams and providing a designated point of contact for brokers during each client’s application process.
Over the past year, lenders have also launched products for owners of small and medium-sized enterprises (small and medium-sized enterprises) who have occupied their property for commercial reasons and are supported by a professional team of relationship directors.
Lenders have also improved their processes by introducing short form valuations to estimate market value and increase the valuation before receiving underwriting approval.
Furthermore, it takes a new, more proportional approach to risk, requiring less information about low-risk cases to speed up the process.
Angela Norman joined the loan director and quickly promoted to interim managing director.
She said: “We are very proud of what we have achieved in 2024 and have made great progress in many different areas – from strengthening our team to branches to new markets and helping more borrowers.
“Assisting those who occupy property for commercial purposes demonstrates our commitment to purposeful loans and support our local community.
“The progress we have made so far is the key to our success, which is the focus of 2025 as we turn our attention to digital efficiency, deliver digital efficiency to brokers and clients and further optimize the customer journey.”
