Specialist buy-to-let mortgage provider, Zephyr Homeloans has announced it is reducing rates on its two and five-year mortgage products.
For properties with an A to C-rated energy performance certificate, the lender is now offering two-year fixes at 3.14% on standard mortgages or for mortgages on new builds and flats above commercial properties up to 65% LTV. There is also an HMO/MUFB option at 3.29% up to 65% LTV. All products carry a 7% fee.
Five-year products are now priced at 4.69% for standard mortgages and for new builds and flats above commercial properties - up to 65% LTV. For HMOs and MUFBs, this rises to 4.79% (up to 65% LTV). Again, all products carry a 7% fee.
Zephyr also said it is offering the following rates for properties with an EPC rating of D or E:
3.24% on a two-year, fixed-rate, standard mortgage or for new builds and flats above commercial properties up to 65% LTV, with a 7% fee. 3.39% on a two-year, fixed-rate, mortgage for HMOs and MUFBs up to 65% LTV, with a 7% fee.
4.74% on a five-year, fixed-rate, standard mortgage or for new builds and flats above commercial properties up to 65% LTV, with a 7% fee. 4.84% on a five-year, fixed-rate, mortgage for HMOs and MUFBs up to 65% LTV, with a 7% fee.
Zephyr said its fixed-rate mortgage products are also available with a 0% or 3% fee option.
Andrew Rowe, Head of Sales at Zephyr Homeloans, said: “We’re pleased to be able to support brokers and their landlord customers further with these new reductions.”
