Important Information Commercial Mortgages
N&P Commercial Mortgages has a new name – YBS Commercial Mortgages
We’ve changed our name from N&P Commercial Mortgages to YBS Commercial Mortgages – and swapped our team colours too.
What hasn’t changed is the great service you’ll receive from the same dedicated and friendly team in Peterborough.
As a YBS Commercial Mortgages customer you’ll stay on the same mortgage product you took out with N&P and your terms and conditions will remain unchanged.
If you’re applying for a new mortgage product – or want to make a change to your existing mortgage – our Peterborough team will still take care of this for you, but via the YBS Commercial Mortgages platform.
You can request to make a change to your existing N&P commercial mortgage by re-mortgaging it to a new YBS commercial mortgage. You’ll need to complete a new full application, but we’ll be on-hand to help guide you through this.
On 11 May 2020 we made some changes to the way in which we manage missed payments.
Now, if you pay by Direct Debit your monthly payment is due on the date of your Direct Debit instead of the 25th of the month. This means that if you unfortunately miss your Direct Debit payment date, say on the 18th of the month, you no longer have until the 25th to make a payment.
If your preferred payment method is not by Direct Debit (e.g. standing order), your payment is still be due on – and should be received by – the 25th of the month.
If you miss a payment, for whatever reason, you’ll be in arrears and we’ll contact you shortly after to confirm this. Please make sure you have the necessary funds to cover your payment.
If you don’t currently pay by Direct Debit but would like to, please contact us.
If you’re having problems making payments now — or think you’ll have difficulty in the near future — please contact us as soon as you can and we’ll work with you to help find a solution.
Thank you for choosing us for your commercial mortgage. If you have any questions, or there’s anything we can help you with, please get in touch.
You can email us at CommercialLendingAdminTeam@ybs.co.uk.