Zephyr Homeloans has reduced all fixed rates across its buy-to-let mortgage range by 15bps, with new pricing now available through sourcing systems and the lender’s website.

The lender said the rate reduction applies across its entire fixed-rate buy-to-let proposition.

Following the changes, two-year fixed rates now start from 2.99%, while five-year fixed rates begin at 4.69%.

The headline rates are available with a 7% product fee. However, brokers can select from a range of fee options, starting from 0%, to help tailor products to the needs of individual landlord clients.

The revised pricing is available immediately across Zephyr Homeloans’ buy-to-let range.

The move follows a series of rate reductions across the specialist lending market as lenders continue to adjust pricing in response to funding conditions and competition for landlord business.

Zephyr said the updated products are now live on its website and through mortgage sourcing platforms.