Zephyr Homeloans brings back 7-year fixes

Rate depends on property's EPC rating

Zephyr Homeloans brings back 7-year fixes

Specialist buy-to-let lender Zephyr Homeloans has reintroduced a seven-year fixed deal into its mortgage product range.

The lender said it is offering 3.79% on a seven-year, fixed rate, standard buy-to-let mortgage at 65% LTV for properties with an energy performance certificate (EPC) rating of A, B, or C.

The offer on standard properties with an EPC rating of D and E is 3.89%.

“Amid the current rising interest rate environment, our seven-year fixed rate products will help support landlords who are looking for ways to create longer-term financial certainty, and in turn potentially pass on a greater level of security to their tenants,” Paul Fryers (pictured), managing director at Zephyr Homeloans, said.

Read more: Busiest month underlines popularity of buy-to-let investment.

Fryers earlier bared that buy-to-let market activity has risen considerably since the UK went into its first coronavirus pandemic lockdown in March 2020.

In February this year, Zephyr approved six times the number of ‘decisions in principle’ for buy-to-let mortgages than it did a year ago.

During the past year, the lender has also seen a four-fold increase in full mortgage applications.

“All the signs so far during 2022 underline that, despite the increasing complexity of owning BTL property, bricks and mortar remain an attractive and popular investment,” Fryers said.