The £13m overall deal involved five separate loans, including one for a Hertfordshire family’s timber and builder’s merchant, Sandhill Homes Ltd — the package also features a commercial investment element and three BTL refinances to cover the family’s property portfolio.

From the facility, £1.6m was provided by the firm’s new SME product, with the remaining being covered by the lender’s established commercial investment and portfolio landlord offerings.  

YBS Commercial launched its new owner-occupied SME offering in May, aimed at those who occupy their property for business purposes and will repay the mortgage from the income it provides.

The deal was managed from start to finish by Gary Pratt, relationship director at YBS Commercial Mortgages, while the deal was brokered by Laurie Baugh managing director at Approved Finance Group.

Commenting on the deal, Gary said: “I’m delighted to have secured this first SME deal and we’re confident more will follow.

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“The launch of our new SME proposition marks a real milestone for us and enables us to bring much-needed support to the small businesses which contribute so much to the communities in which they operate and the UK economy overall.

“The effort which has gone into finalising it demonstrates the excellent service provided by our teams, ensuring a quick and smooth customer journey, reinforcing our strong relationships with both brokers and borrowers.”

Laurie also said: “We’re excited to be first over the line on the new owner-occupied mortgage, offering the best combination of products to suit the borrower’s specific requirements, as well as the best value, and I’d like to thank the team at YBS Commercial for the proficient way they handled the transaction from start to finish. 

“The end result is that this established family business is able to proceed with its ambitious development plans — which will serve the local area once complete — as well as ensuring that they have liquidity in the business for their ongoing operations.”