YBS Commercial Mortgages grows balance sheet to £2.2bn

The commercial lending arm of Yorkshire Building Society, YBS Commercial Mortgages, grew its balance sheet to £2.2bn in 2024.

The commercial lender completed £453m of commercial mortgage loans during the year, £377m of which went into servicing the private rental sector, and £76m into commercial real estate, which includes the lender’s commercial investment, semi-commercial and owner-occupied product offerings.

YBS Commercial achieved the growth via a combination of business improvements in response to broker feedback, which included expanding its business development and regional lending teams to better support broker engagement and increase the lender’s reach in the market.

Last year also saw YBS Commercial Mortgages venture into new markets, with the launch of a new product to support SME owners who occupy their property for business purposes.

Head of lending at the group, Angela Norman, said: “Hitting over £2bn on the balance sheet is testament to the success of the adjustments we’ve made, and speaks to the stability we offer as a lender – as part of Yorkshire Building Society – as well as to our commitment to the commercial market.

“We have exciting plans for this year - enhancing our current propositions, and, of course, listening to feedback from our trusted broker panel, to continue our focus on improving the customer journey to better support brokers and customers.”



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.

Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.