YBS Commercial cuts holiday lets rates
YBS Commercial Mortgages is making some changes to its product range this week which will benefit brokers and their clients.
Effective from today (Tuesday 12 April), the commercial lender is cutting rates on its holiday lets offering to 3.75% (was 3.85%), making it more competitive for landlord clients looking to invest in a holiday home.
The product, available up to 75% loan-to-value (LTV) on loans of up to £20 million, 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.”