Zephyr Homeloans has reduced its initial rates and introduced a 1% product fee option across its entire range.

The specialist buy-to-let (BTL) lender, owned by Computershare, announced that its new rates start at 3.04% for a two-year fixed rate standard property BTL mortgage, and at 3.39% for a standard five-year fixed rate loan for individuals and limited companies.
 
The lender’s rates for houses in multiple occupation (HMO), multi-unit blocks (MUBs), specialist new build and flats above commercial property will now start at 3.39% for a two-year fixed rate loan, and 3.59% for a five-year fixed rate loan.
 
Zephyr has also increased its LTV limit from 60% to 65% across its entire product range, and the specialist lender confirmed it will also continue to offer its 70% and 75% LTV products.

“As one of the more competitive lenders in the UK BTL market, we are delighted to offer a reduction in initial rates and an expansion of our products for landlords seeking to increase their portfolios,” said Zephyr managing director, Paul Fryers.
 
“Our broad range of products now gives landlords and property investors greater flexibility through our increased LTV limit and more opportunities to save as a result of even lower rates.”

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