It offers lower rates for energy efficient properties
Specialist buy-to-let lender Zephyr Homeloans has announced reductions of 15 basis points (bps) across its range of five-year fixed and lifetime tracker mortgages.
In its latest product reprice, the lender is offering lower rates for properties with higher energy performance ratings, indicating a move to support energy efficiency in the housing market.
For properties with an energy performance certificate (EPC) rating of ‘A’ to ‘C’, Zephyr is now providing a 5.15% rate for a five-year fixed rate standard BTL mortgage at 65% loan-to-value (LTV), accompanied by a 5% product fee. In addition, a 6.79% rate is available for a lifetime tracker BTL mortgage at 65% LTV, with a 3% product fee.
Moreover, for properties with an EPC rating of ‘D’ or ‘E’, the lender offers a 5.25% rate on a five-year fixed rate standard BTL mortgage at 65% LTV, with a 5% product fee. A lifetime tracker BTL mortgage at 65% LTV is also available at a 6.89% rate, with a 3% product fee.
“It’s great to be able to offer reductions to brokers for their BTL landlord customers, as we hopefully start to see some green shoots of recovery for the market in 2024,” said Paul Fryers (pictured), managing director at Zephyr Homeloans.
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