YBS Commercial Mortgages has reduced the interest rate for its holiday let product.
The option, which offers loans up to £20m at maximum 75% LTV, is now priced at 3.75%.
YBS Commercial’s holiday let product 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.”
