Zephyr reduces rates on two and five-year fixed rate mortgage products

By Bridging Loan Directory 20th May 2024

Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a 16 basis points (bps) reduction across its two-year fixed rate mortgages and a 6bps reduction across its five-year fixed rate mortgages.

The lender said that it is offering the following for properties with an A to C-rated energy performance certificate (EPC):

· Between 3.64% and 5.64% on a two-year fixed rate, standard BTL mortgage (65%) LTV

· Between 4.69% and 5.49% on a five-year, fixed rate, standard BTL mortgage (65%) LTV

Zephyr also said it is offering the following rates for properties with an EPC rating of D or E:

· Between 3.74% and 5.74% on a two-year fixed rate standard BTL mortgage (65%) LTV

· Between 4.79% and 5.59% on a five-year, fixed rate, standard BTL mortgage (65%) LTV

Zephyr said that the mortgage offerings were available with fees of 3%, 5% and 7%.

The company is also offering 6.19% and 6.29% with 0% product fees on five-year fixed standard BTL mortgages at 80% LTV for properties with an A to C-rated EPC and a D or E-rated EPC rating, respectively.

Paul Fryers, Managing Director at Zephyr Homeloans said:

“Our new rates provide landlords with the choice and flexibility to enable them to find the deal that best suits their budgets.”

Zephyr has also reduced stress rate calculations on its two-year fixed rate products.