Zephyr cuts rates by 75% on LTV products

Zephyr Homeloans has cut rates on its fixed rate loans by 75% over 5 years and introduced a 2% product charge option across its range.
As a result of this reduction, rates for a Standard Rental Home Loan (BTL) now start at 3.39% and 3.69% for multiple occupancy houses (HMOs) and multi-unit buildings ( MUB).
The specialist lender has also increased the maximum loan amount to £ 2million on standard BTL property with an LTV of 65%.

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Zephyr’s new 2% product fee option for standard property starts at 2.90% for a 2-year fixed rate loan and 3.29% for a 5-year fixed rate loan.
For specialized buildings, rates start at 3.14% for a 2-year fixed-rate loan and 3.49% for a 5-year fixed-rate loan for the 2% commission product.
Paul Fryers, Managing Director of Zephyr Homeloans, said: âThe results of our recent homeowner survey with DPS suggest that the opportunity to buy at a discount was the most commonly cited reason for buying investment property and we have seen an increase in refinancing. as well as other portfolios moving to limited liability company structures.
âWe know that the speed with which mortgage financing is secured is an important factor for intermediaries when considering lenders and have a wide choice of loan options that meet the needs of their clients.
âBecause customer service is important and borrowers want their cases processed quickly, we post our service levels daily on our website.
âAs an example of our fast service, last week on average 98% of calls were answered within 30 seconds, and DIP referrals were made within 24 hours, allowing intermediaries to reach out to them. free up time for other valuable activities. â