Zephyr completes first case and expands distribution

by:
  • 10/01/2019
  • 0
Zephyr completes first case and expands distribution
Buy-to-let lender Zephyr Homeloans has been added to the Complete FS panel having placed its first case through Mortgages for Business.

 

Zephyr was launched last month on behalf of external funders with Computershare providing all marketing, underwriting and administration.

Mortgages for Business brokered the first buy-to-let mortgage to complete with Zephyr during its pilot launch.

The case was made for an experienced landlord who does not own her own home and needed finance to purchase a two-bed terraced house in Slough.

A formal offer to lend a total of £267,750 at 75% LTV was issued in 14 working days.

Mortgages for Business managing director Steve Olejnik, said: “We were delighted to have been asked to run the exclusive pilot which was designed to test Zephyr’s systems and procedures before launching with a wider panel of intermediaries.

“I’m pleased to report that we were particularly impressed with both the underwriters and the speed with which the first case was processed.

“We’ve got several more deals in the Zephyr pipeline and they appear to be going well too,” he added.

 

Distribution rollout

Meanwhile, the lender has continued its roll out with packager and distributor Complete FS.

Complete FS director Tony Salentino said the firm was impressed with the product offering. He said terms up to age 95 at the end of the mortgage and lending on flats above commercial and ex-local authority properties made the proposition very attractive.

Zephyr Homeloans head of sales Peter Charge said: “It’s great news that we’ve completed our first Zephyr mortgage with Mortgages for Business.

“The company is a strong launch partner for the Zephyr brand, and we look forward to continuing to work closely with them in the future.”

He added: “We are delighted to work with Tony and the Complete FS team. We are impressed by their proven track record in the specialist buy to let market and we look forward to working with them.”

 

There are 0 Comment(s)

You may also be interested in

  • RT @OTJournalist: Tony Salentino of @completefs1993 has been a major character of the packager and specialist mortgage market for two decad…

Read previous post:
‘Onus on lenders and master brokers to make second charge easier’ – Shawbrook

With 2018 new business up on 2017 and repossessions remaining low, the second charge mortgage market is in good health...

Close