Zephyr lowers buy-to-let rates

12 October 2020 | General

Zephyr Homeloans has lowered rates for standard and specialist buy-to-let products.

Rates now start at 3.14% for a 2-year fixed-rate buy-to-let mortgage and 3.44% for a 5-year fixed-rate.

The lender’s rates for new build and flats above commercial property now start at 3.54% for a 2-year fixed rate loan and 3.84% for a 5-year fixed rate.

Zephyr has also lowered rates on standard properties, houses in multiple occupancy and multi-unit blocks properties, offering up to 75% loan-to-value, with a 70% LTV on a £1.5m maximum loan and 75% LTV with a £1m maximum loan.

Paul Fryers, managing director at Zephyr Homeloans, said: “We’ve had one of the busiest months in Zephyr’s history, and we are delighted to be able to reduce rates further and help the increasing number of landlords who are looking to expand their portfolios.

“As buoyancy in the buy-to-let market continues, these new rates provide potential borrowers with highly competitive products across a broad range of properties.”

Zephyr Homeloans is a trading name of Topaz Finance Limited, a part of the Computershare Loan Services division of the Computershare group.

This post has originally been featured in Property Wire.