Zephyr Homeloans reduces rates on its five-year fixed-rate standard buy-to-let loans
Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has reduced rates on its five-year, fixed-rate, standard buy-to-let loans for a limited time.
Zephyr’s new rates start at 3.19% for up to £1.5m for the five-year, fixed-rate standard buy-to-let mortgages for individuals and limited companies.
As with all of Zephyr’s products, there is no upfront application fee. The products carry a 2% arrangement fee.
Paul Fryers, managing director at Zephyr Homeloans, said: “We are delighted to offer a reduced and highly competitive ‘Spring Special’ on our five-year, fixed rate product, which coincides with the peak property buying season.
“The new rates are one of the lowest in the specialist buy-to-let market today, offering landlords and property investors further product options when considering either plans to purchase a new property or re-finance existing mortgages.”
Zephyr will lend up to £1.5m on its standard range at 70% loan-to-value (LTV) and up to £1m with a 75% LTV.
Last month, Zephyr announced its new 1% product fee option for standard and specialist properties and enhanced its range by increasing its minimum loan-to-value limit to 65% across its entire product range while retaining the £1.5m maximum loan amount.
Zephyr also continues to offer its 70% and 75% LTV bands.
Zephyr Homeloans is a trading name of Topaz Finance Limited, a part of the Computershare Loan Services division of the Computershare group.