Swansea Building Society has made a series of reductions to rates within its buy-to-let and holiday let ranges.

The lender has cut its variable rate for both types of mortgages with an LTV of up to 60 per cent from 4.25 per cent to 3.55 per cent, and for 70 per cent LTV, from 4.75 per cent to 3.95 per cent.

Swansea BS adds that it will continue to consider income from AirBnB lettings as well as projected income.

It will also consider applications from “unusual properties” in the BTL and holiday let sectors.

Chief executive Alun Williams says: “We are proud that we have remained open for both our savings and mortgage customers through the crisis, supporting our members in every way we can.

“As lockdown now eases, we are seeing an uptake in enquiry levels especially around the more specialist mortgage areas such as holiday let and self-build and we are delighted to be able to lower our rates on BTL and holiday let mortgages in particular.”