Zephyr Homeloans cuts rates and fees

Ryan Fowler

November 5, 2019

Specialist buy-to-let lender Zephyr Homeloans has cut the rates across its range of 5-year fixed-rate deals whilst dropping some product fees by as much as 0.5%.

Its 3.39% buy-to-let product for standard properties now has a product fee of 1.5% (down from 2%) and is available on loans of up to £2m, its 3.49% 5-year product for specialist properties now also has a product fee of 1.5% (down from 1.75%) and is available on loans of up to £1m.

Paul Fryers, managing director at Zephyr Homeloans, said: “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.”

Zephyr has also lowered the rates on two of its other products with immediate effect. Rates for buy-to-let loans of up to £2m for standard properties have decreased from 3.74% to 3.69%, and rates for buy-to-let loans up to a maximum loan size of £1m for specialist properties have decreased from 3.89% to 3.84%.

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

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


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