Zephyr Homeloans cuts rates and fees

Zephyr Homeloans cuts rates and fees

 

Rates for buy-to-let loans of up to £2m for standard properties have decreased from 3.74 per cent to 3.69 per cent.

Interest rates on loans up to a maximum loan size of £1m for specialist properties have decreased from 3.89 per cent to 3.84 per cent.

Both deals are available up to 75 per cent loan to value and are available for purchase and remortgages for individuals and limited companies.

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

The lender has also cut its product fees.

Its 3.39 per cent buy-to-let deal for standard properties has a fee of 1.5 per cent, down from 2 per cent and is available on loans of up to £2m.

At 3.49 per cent, the five-year deal for specialist properties also has a product fee of 1.5 per cent reduced from 1.75 per cent and is available on loans of up to £1m.

Paul Fryers, managing director at Zephyr Homeloans (pictured), 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.”