Rates were cut by up to 0.30%
Specialist buy-to-let lender Zephyr Homeloans has reduced rates by up to 30 basis points across its five-year fixed rate mortgage products.
The lender said that it is offering the following rates for properties with an energy performance certificate (EPC) rating of ‘A’ to ‘C’:
- 5.29% on its five-year fixed rate standard BTL mortgage products at 65% loan-to-value (LTV)
- 5.29% on its BTL mortgage product for new builds and flats above commercial properties at 65% LTV
- 5.59% on its five-year fixed rate BTL mortgage product for houses in multiple occupancy (HMOs) and multi-unit freehold blocks (MUFBs) at 65% LTV
Zephyr is also offering the following rates for properties with an EPC rating of ‘D’ or ‘E’:
- 5.39% on its five-year fixed-rate standard BTL mortgage products at 65% LTV
- 5.39% on its BTL mortgage product for new builds and flats above commercial properties at 65% LTV
- 5.69% on its five-year fixed-rate BTL mortgage product for HMOs and MUFBs at 65% LTV
We've reduced all our Fixed and Tracker rates!
— Zephyr Homeloans (@ZephyrHomeloans) February 23, 2023
- 30 bps reduction in the 5 Year Fixed rates
- 31 bps reduction in the Lifetime Tracker rates
Check out our Product Guide for details: https://t.co/x7hvYIV7kR pic.twitter.com/5uNtKtnHTg
“Landlords are currently experiencing the effects of higher interest rates and are also having to provide higher deposits,” Paul Fryers (pictured), managing director at Zephyr Homeloans, said. “By lowering our lending rates, we’re enabling brokers to better support their BTL landlord clients’ needs.”
Zephyr added that it provides multiple product fee options to provide landlords with increased flexibility.
Last month, the buy-to-let lender launched a range of tracker mortgage products, designed to support brokers with landlord customers who want flexible options.
More details are available online through the lender’s website.
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter.
