Zephyr Homeloans has announced a series of rate reductions across its buy-to-let mortgage range, cutting pricing on both two and five-year fixed products by up to 15 basis points.
The Bristol-based lender, which specialises in buy-to-let finance, said its five-year fixed rates had been reduced by a minimum of 15 basis points, while its two-year products had fallen by at least 10 basis points.
Following the changes, Zephyr’s two-year fixed rate mortgage at up to 65% loan to value now starts at 2.69%, with a 7% fee, for standard properties.
The same rate is also available for new builds and flats above commercial premises.
For houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs), the equivalent rate rises slightly to 2.84%, also with a 7% fee.
Five-year fixed rates now start at 4.49% for standard properties, new builds and flats above commercial units, again up to 65% LTV with a 7% fee. For HMOs and MUFBs, the new rate stands at 4.59%.
Andrew Rowe, head of sales at Zephyr Homeloans, said: “We’re confident our latest changes will make it even easier for brokers to find deals that best suit their landlord customers.”
In addition to the headline 7% fee structure, Zephyr confirmed that all fixed rate products in the revised range are also available with alternative fee options of 0% or 3%.
