Zephyr reduces rates on five-year fixes

Specialist buy-to-let mortgage provider, Zephyr Homeloans, has announced reductions of 30 basis points across its five-year fixed-rate mortgage products as the lender seeks to boost support for brokers and landlords.

Related topics:  Finance,  Landlords,  BTL,  Zephyr
Property | Reporter
27th February 2023
To Let 690

According to Zephyer, it is offering the following rates for properties with an A to C-rated energy performance certificate:

5.29% on its five-year fixed-rate standard BTL mortgage products (65% LTV), 5.29% on its BTL mortgage product for new builds and flats above commercial properties (65% LTV), and 5.59% on its five-year fixed rate BTL mortgage product for houses in multiple occupancy and multi-unit freehold blocks (65% LTV).

Zephyr said it is also offering the following rates for properties with an EPC rating of D or E:

5.39% on its five-year fixed-rate standard BTL mortgage products (65% LTV), 5.39% on its BTL mortgage product for new builds and flats above commercial properties (65% LTV), and 5.69% on its five-year fixed-rate BTL mortgage product for houses in multiple occupancy and multi-unit freehold blocks (65% LTV).

Zephyr added that it provided multiple product fee options to provide landlords with increased flexibility.

Paul Fryers, Managing Director at Zephyr Homeloans, said: “Landlords are currently experiencing the effects of higher interest rates and are also having to provide higher deposits.

“By lowering our lending rates, we’re enabling brokers to better support their BTL landlord clients’ needs.”

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