Zephyr Homeloans has raised procuration fees for intermediaries and cut pricing on its fixed-rate buy-to-let products as competition intensifies across the specialist market.

The lender has increased its procuration fee for brokers from 0.5% to 0.7% gross, while reducing rates by 10 basis points on all five-year fixed products.

The adjustments underline the growing emphasis on intermediary distribution within the buy-to-let sector, where lenders continue to refine pricing and incentives to secure business.

Following the reduction, Zephyr’s five-year fixed standard mortgage up to 75% LTV is now available at 4.24% with a 7% fee.

Its two-year fixed standard product at the same LTV is priced at 2.39%, also with a 7% fee.

LIMITED EDITION PRODUCTS

Zephyr has also introduced a set of limited edition mortgages featuring a lower 5% fee, with rates starting from 3.04% on a two-year fixed and 4.5% on a five-year fixed.

The lender said the products are designed to provide additional flexibility for landlords seeking alternative fee structures amid shifting affordability pressures.

Paul Fryers (pictured), managing director at Zephyr Homeloans, said the new pricing aims to strengthen the lender’s value proposition for both landlords and intermediaries.

He said: “We are constantly striving to find better ways to provide more affordable options for landlords as well as enhancing our proposition for brokers.

“The limited edition mortgage products are aimed to provide additional savings for landlords.”