YBS cuts holiday let rates
YBS Commercial Mortgages has reduced rates on its holiday let products.
"The staycation industry is still doing really well, and we’re proud to support the market and be a part of that."
Rates now start from 3.75%, down from 3.85%, available up to 75% LTV on loans of up to £20 million.
The range allows the flexibility of loan terms between five and 25 years, and a variety of repayment and interest only options.
Mike Davies, head of business development at YBS Commercial Mortgages, said: “We’re pleased to be able to reduce the rate on our holiday lets offering. The change reflects our desire to promote investment in the UK economy. The staycation industry is still doing really well, and we’re proud to support the market and be a part of that.
“We’re always looking for ways to exceed expectations, and we hope this will be welcome news for brokers and their clients.”
Last month, YBS improved its criteria for individual landlords.
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