Zephyr adjusts BTL rates with reductions on fixed products

Specialist buy-to-let lender Zephyr Homeloans has announced a series of rate reductions across its fixed rate mortgage products, with cuts of at least 15 basis points applied to five-year deals and a minimum 10 basis point reduction for two-year offerings.

The revised two-year fixed rates now include:

2.69% for standard buy-to-let mortgages at up to 65% loan-to-value (LTV), carrying a 7% arrangement fee

2.69% for mortgages on new builds and flats above commercial premises, also up to 65% LTV, with a 7% fee

2.84% for HMOs (houses in multiple occupation) and MUFBs (multi-unit freehold blocks) up to 65% LTV, with a 7% fee

Five-year fixed rate products have also been adjusted as follows:

4.49% for standard buy-to-let mortgages at up to 65% LTV, with a 7% fee

4.49% for new build properties and flats above commercial spaces, up to 65% LTV, with a 7% fee

4.59% for HMOs and MUFBs at the same LTV, subject to a 7% fee

“We’re confident our latest changes will make it even easier for brokers to find deals that best suit their landlord customers,” said Andrew Rowe, head of sales at Zephyr Homeloans.

In addition to the 7% fee structure, Zephyr confirmed that all fixed-rate mortgage products are also available with alternative fee options of 0% and 3%.