Zephyr Homeloans has reduced a range of its interest coverage ratios (ICR).

For houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFB) and flats above commercial property (FAC), Zephyr has reduced its ICR from 155% down to 135% for limited companies and to 150% for individuals.

The specialist buy-to-let lender, owned by Computershare, has also reduced its ICRs for new-build properties.

Paul Fryers (pictured), managing director at Zephyr Homeloans, said: “Zephyr’s new ICRs help landlords and property investors to borrow more than they could do previously — and benefit our intermediary partners by simplifying our criteria.

“The change further cements our position as one of the more competitive lenders available to UK landlords and demonstrates our commitment to the buy-to-let market.”