Zephyr Homeloans has reduced rates on its five-year fixed rate mortgage products by a minimum of 15 basis points (bps). The lender has also cut rates on its two-year mortgage products by a minimum of 10 bps. These changes mean Zephyr will now offer 2.69% on a two-year fixed-rate, and 4.49% on a five-year fixed rate, both for standard mortgages up to 65% LTV.

Paragon Bank has introduced a streamlined buy-to-let mortgage application journey for landlords with up to 15 properties, reducing the number of supporting documents required and accelerating the process for simple buy-to-let propositions. The group said it would only initially ask for a valuation and, where the landlord holds more than three buy-to-let properties, a property schedule.

Mansfield Building Society has significantly increased its maximum loan sizes across its range of buy-to-let and residential mortgages, with loans now available up to £1m for lending up to 80% LTV. The move means the society has doubled the maximum loan size it will offer up to 80% LTV from a previous £500,000.

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