Zephyr Homeloans cuts BTL fees and rates

Zephyr Homeloans has reduced rates across its range of five-year fixed-rate deals whilst cutting some product fees by up to 0.5%.

The product fee for the specialist buy-to-let lender’s 3.39% buy-to-let product for standard properties has been reduced from 2% to 1.5% and is available on loans of up to £2m. 

Meanwhile, its 3.49% five-year product for specialist properties also now comes with a product fee of 1.5%, down from 1.75%, and is available on loans of up to £1m.

Rates on Zephyr’s other BTL products have also been lowered, with rates for buy-to-let loans of up to £2m for standard properties having been dropped from 3.74% to 3.69%, and rates for buy-to-let loans up to a maximum loan size of £1m for specialist properties having been reduced from 3.89% to 3.84%.

Both of the products, available for purchase and remortgage as well as for both individuals and limited companies, offer a loan to value of up to 75%. 

Zephyr’s specialist property mortgages are also available for HMOs and multi-unit freehold blocks (MUFB).

Paul Fryers, managing director at Zephyr Homeloans, commented: “The buy-to-let market is holding up well, but we know some landlords are currently experiencing additional cost pressures.

“By reducing fees and rates we are helping landlords access the finance they need at rates that best suit their circumstances — as well as demonstrating our ambition to play a leading role as a buy-to-let lender.”

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