Zephyr Homeloans lowers rates and fees

Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has sharpened the rates on its range of five-year, fixed-rate deals — and lowered some product fees by as much as 0.5%.

Its 3.39% buy-to-let product for standard properties now carries a product fee of 1.5% (down from 2%) and is available on loans of up to £2m.

Its 3.49% five-year product for specialist properties now also has a product fee of 1.5% (down from 1.75%) and is available on loans of up to £1m.

Paul Fryers, managing director at Zephyr Homeloans, said: “The buy-to-let market is holding up well, but we know some landlords are currently experiencing additional cost pressures.

“By reducing fees and rates we are helping landlords access the finance they need at rates that best suit their circumstances — as well as demonstrating our ambition to play a leading role as a buy-to-let lender.”

Following last month’s announcement that a range of buy-to-let mortgages would be available without an application fee, Zephyr Homeloans has now also lowered the rates on two of its other products with immediate effect.

Rates for buy-to-let loans of up to £2m for standard properties have decreased from 3.74% to 3.69%, and rates for buy-to-let loans up to a maximum loan size of £1m for specialist properties have decreased from 3.89% to 3.84%.

Both of the products offer a loan to value (LTV) ratio of up to 75%, and are available for purchase and remortgage as well as for both individuals and limited companies.

Zephyr’s specialist property mortgages are also available for HMOs and multi-unit freehold blocks (MUFB).

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