YBS cuts holiday let rates
YBS Commercial Mortgages has reduced rates on its holiday let products.
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.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA confirms simplified mortgage rules
Lloyds
Lloyds sets aside extra £4bn for high-LTI mortgage lending
Government
Government publishes legislation to bring pensions into inheritance tax
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Government
Government confirms launch of permanent Freedom to Buy mortgage scheme
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
