What are the new rates?
Zephyr Homeloans has announced reductions in interest rates for its two-year and five-year fixed-rate mortgage products.
The company has decreased rates by 16 basis points (bps) for its two-year fixed-rate mortgages and by 6 bps for its five-year fixed-rate mortgages.
For properties with energy performance certificates (EPC) graded A to C, Zephyr is offering rates ranging from 3.64% to 5.64% on two-year fixed-rate mortgages with a standard buy-to-let (BTL) loan-to-value (LTV) ratio of 65%. Similarly, the rates for five-year fixed-rate mortgages at the same LTV range from 4.69% to 5.49%.
For properties with EPC ratings of D or E, Zephyr’s reduced rates are between 3.74% and 5.74% for two-year fixed-rate mortgages and between 4.79% and 5.59% for five-year fixed-rate mortgages, both at a 65% LTV.
Alongside rate reductions, Zephyr is offering fee options of 3%, 5%, and 7% to accommodate landlords with different budgets. Additionally, the company is extending special rates of 6.19% and 6.29% with 0% product fees on five-year fixed standard BTL mortgages at an 80% LTV for properties with EPC ratings of A to C and D or E, respectively.
Paul Fryers (pictured), managing director at Zephyr Homeloans, stated that the new rates aim to provide landlords with increased choice and flexibility. “Our new rates provide landlords with the choice and flexibility to enable them to find the deal that best suits their budgets,” he said.
Moreover, Zephyr has implemented reduced stress rate calculations on its two-year fixed-rate products.
Zephyr Homeloans specialises in buy-to-let lending, serving professional landlords and property investors. It operates under Topaz Finance Limited, regulated by the Financial Conduct Authority, as part of the Computershare Group.
Computershare Limited (CPU), established in 1978, is a global provider of financial services, offering expertise in transfer agency, share registration, mortgage servicing, and corporate trust.
