It also offers lower rates for energy efficient properties
Zephyr Homeloans, a specialist buy-to-let mortgage provider, has announced the introduction of 80% loan-to-value (LTV) mortgage products on five-year fixed rates for houses in multiple occupancy (HMOs) and multi-unit freehold blocks (MUFBs).
For properties with an energy performance certificate (EPC) rating of ‘A’ to ‘C’, the lender offers a 5.99% rate on a five-year fixed rate for HMOs and MUFBs at up to 80% LTV, with a 3% fee. The rate increases to 6.59% for the same properties with no fee.
For properties with a lower EPC rating of ‘D’ or ‘E’, the rates are 6.09% on a five-year fixed rate for HMOs and MUFBs at up to 80% LTV, with a 3% fee. The rate increases to 6.69% for the same properties with no fee.
The lender said the expansion of its product range aims to provide more flexibility and options for brokers and their landlord clients, particularly those investing in specialist property types.
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“We’re pleased to be able to offer a wider range of products and fees to help brokers find the best deal for their landlord clients,” said Paul Fryers (pictured), managing director at Zephyr Homeloans.
Zephyr Homeloans also allows landlords to add mortgage arrangement fees to the loan balance, with the total not exceeding a maximum LTV of 83%. The lender also confirmed that it will continue to offer 80% LTVs on its standard range of mortgage products.
The launch of the new products comes as the buy-to-let market continues to evolve, with increasing demand for energy-efficient properties and flexible financing options.
The initiative, the lender said, underscores its commitment to adapting to market trends and providing comprehensive solutions for the buy-to-let sector.
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