Zephyr reduces buy-to-let rates by 15bps

Specialist buy-to-let mortgage lender, Zephyr Homeloans, has announced 15 basis points reductions across its five-year fixed rate and lifetime tracker mortgages.

For properties with an A to C-rated energy performance certificate (EPC), a five-year fixed rate standard buy-to-let mortgage at 65% LTV has reduced to 5.15% with a 5% product fee, while a lifetime tracker at 65% LTV is now available at 6.79% with a 3% fee.

For properties with an EPC rating of D or E, a standard five-year fix is down to 5.25% with a 5% fee and a lifetime tracker starts at 6.89% with a 3% fee.

Products are available on standard properties, HMOs, MUFBs, new builds and flats above commercial premises.

In addition, product fees can now be added to all products, including those in the 75% LTV range.

The latest cuts follow reductions of up to 0.65% across Zephyr's two and five-year fixed rate mortgages in January.

Paul Fryers, managing director at Zephyr Homeloans, said: “It’s great to be able to offer reductions to brokers for their buy-to-let landlord customers, as we hopefully start to see some green shoots of recovery for the market in 2024.”