Zephyr Homeloans cuts 75% LTV rates with 2% fee



Specialist buy-to-let lender Zephyr Homeloans has cut rates on its 75% loan-to-value 5-year fixed rates.

However the lender has introduced a 2% product fee across its entire range.

Following the changes Zephyr’s 75% LTV 5-year fixed-rate mortgages start at 3.39% for a standard property buy-to-let mortgage and 3.69% for houses in multiple occupancy and multi-unit blocks.

The specialist lender has also increased the maximum loan amount to £2m on standard property BTL to 65% LTV.

Paul Fryers, managing director at Zephyr Homeloans, said: “Findings from our recent landlord survey with The DPS suggested that the opportunity to buy at a discount was the most commonly cited reason for buying investment property and we have seen an uptake in re-financing as well as more portfolios moving to Limited Company structures.

“We know that the speed at which mortgage financing is secured is a significant factor for intermediaries in considering lenders as well as having a wide selection of loan options that suit their customers’ needs.

“Because customer service is important and borrowers want their cases processed quickly, we post our service levels daily on our website.

“As an example of our swift service, last week an average of 98% of calls were answered within 30 seconds, and DIP referrals were completed within 24 hours, allowing intermediaries’ time to be freed up for other valuable activities.”

Zephyr’s new 2% product fee option for standard property starts at 2.90% for a two year fixed-rate loan and 3.29% for a 5-year fixed-rate loan.

For specialist properties, rates start at 3.14% for a 2-year fixed-rate loan and 3.49% for a 5-year fixed-rate loan for the 2% fee product.

Zephyr Homeloans is a trading name of Topaz Finance Limited, a part of the Computershare Loan Services division of the Computershare group.

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