Openwork’s advisers will now have access to Zephyr’s range of buy-to-let products, which cover loans up to a value of £1m for standard properties with a maximum loan to value (LTV) of 75 per cent. Specialist properties are capped at a maximum loan of £750,000 at 70 per cent.
Paul Fryers (pictured), managing director at Zephyr Homeloans, said: “Since the market has opened up again, we have expanded our distribution footprint significantly and we’re looking forward to building a long-term relationship with the team at Openwork.”
Paul Shearman, mortgage, protection and GI proposition director for Openwork, said: “We’re looking forward to drawing on Zephyr’s wealth of industry experience as the buy-to-let market continues to evolve and becomes more complex.
“Our advisers and their clients will welcome the support of a lender that brings a focus on meeting the needs of professional portfolio landlords and other specialist property investors.”
Zephyr recently launched a new range of specialist buy-to-let products with rates starting at 3.19 per cent for a two-year, fixed-rate, standard property buy-to-let mortgage.
You may also be interested in the Mortgage Solutions newsletter. All the latest news, analysis and insight from the mainstream residential lending market. Including industry news, adviser business strategy tips and market commentary.