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Complex Buy To Let

Zephyr Homeloans adds 80% LTV mortgages

Shekina Tuahene
Written By:
Posted:
August 1, 2024
Updated:
August 1, 2024

Zephyr Homeloans has released two-year fixed deals at 80% loan to value (LTV) across standard and specialist property ranges.

Zephyr Homeloans said the products will offer brokers more choice for landlord customers with standard, houses of multiple occupation (HMOs) and multi-unit freehold block (MUFB) properties. 

This update comes after Zephyr Homeloans added five-year fixed rate options at the 80% LTV tier for specialist properties for the first time.

For properties with an Energy Performance Certificate (EPC) rating of A to C, there is a two-year fixed deal for standard properties with a 3% fee and 5.89% rate. 

For HMOs and MUFBs, the rate is 6.09% for a product also with a 3% fee. 

Zephyr Homeloans has also reduced rates for properties with an EPC rating of D and E. 

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This includes a two-year fixed deal for standard properties with a 3% fee and rate of 5.99%. 

The option for HMOs and MUFBs is priced at 6.19% and also has a 3% fee. 

The lender said landlords could also add mortgage arrangement fees to the loan balance up to a maximum LTV of 83%.

Paul Fryers (pictured), managing director at Zephyr Homeloans, said: “We’re seeing increasing interest from brokers in the HMO and MUFB sector. 

“In launching these products we’re able to help brokers support their landlord clients to develop their business in this specialist market segment.” 

Last week, the specialist lender made rate reductions to selected mortgages.