Zephyr Homeloans has cut initial rates and introduced a 1% product fee option across its entire mortgage product range.

The new rates from the specialist buy-to-let lender owned by Computershare start at 3.04% for a two-year, fixed-rate, standard property buy-to-let mortgage and 3.39% for a standard, five-year, fixed-rate loan for individuals and limited companies.

The lender’s rates for houses in multiple occupation (HMO), multi-unit blocks (MUBs), specialist new build and flats above commercial property now start at 3.39% for a two-year, fixed-rate loan and 3.59% for a five-year, fixed-rate loan.

Zephyr has also increased its loan-to-value limit from 60% to 65% across its entire product range. The specialist lender will also continue to offer its 70% and 75% loan-to-value products.

Zephyr’s new 1% product fee option for standard property starts at 3.29% for a two-year fixed-rate loan and 3.49% for a five-year fixed-rate loan. For specialist properties, rates start at 3.64% for a two-year fixed-rate loan and 3.69% at five-year fixed-rate loan for the 1% fee product.

Paul Fryers (pictured), managing director at Zephyr Homeloans, said: “As one of the more competitive lenders in the UK buy-to-let market, we are delighted to offer a reduction in initial rates and an expansion of our products for landlords seeking to increase their portfolios.

“Our broad range of products now gives landlords and property investors greater flexibility through our increased loan-to-value limit and more opportunities to save as a result of even lower rates.”