Rates have been reduced by 0.40%
Specialist buy-to-let lender Zephyr Homeloans has announced rate reductions of 40 basis points across its tracker mortgage product range.
The lender said that it is offering a 5.94% rate (bank base rate plus 1.69%) on a lifetime tracker standard buy-to-let mortgage product at 65% loan to value (LTV) for properties with an energy performance certificate (EPC) rating of ‘A’ to ‘C’ and 6.04% (bank base rate plus 1.79%) on properties with an EPC rating of ‘D’ or ‘E’.
Zephyr is also offering 6.14% (bank base rate plus 1.89%) on a lifetime tracker mortgage product at 65% LTV for houses of multiple occupancy and multi-unit freehold properties with an ‘A’ to ‘C’ EPC rating and 6.24% (bank base rate plus 1.99 %) on properties with an EPC rating of ‘D’ or ‘E’.
The lender launched its range of tracker mortgage products earlier this year.
“We are seeing a steadily increasing interest in tracker mortgage products from brokers who want to help their landlord customers to take advantage of the flexibility such products can offer,” Paul Fryers (pictured), managing director at Zephyr Homeloans, said.
The buy-to-let lender is also providing multiple product fee options on its fixed rate products to provide landlords with increased flexibility.
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