Zephyr announces BTL rate reductions

Zephyr Homeloans has announced limited time reductions to rates on its five-year fixed rate standard buy-to-let (BTL) loans.

The specialist BTL lender revealed its new rates start at 3.19% for up to £1.5m on the five-year fixed rate standard BTL mortgages, which are directed at individuals and limited companies.

Zephyr Homeloans is a trading name of Topaz Finance Limited, a part of the Computershare Loan Services division of the Computershare group.

Last month, the lender announced its new 1% product fee option for standard and specialist properties, and also enhanced its range by increasing its minimum loan-to-value limit to 65% across its entire product range, while retaining the £1.5m maximum loan amount.

Zephyr Homeloans managing director, Paul Fryers, commented: “We are delighted to offer a reduced and highly competitive ‘Spring Special’ on our five-year, fixed rate product, which coincides with the peak property buying season.

“The new rates are one of the lowest in the specialist BTL market today, offering landlords and property investors further product options when considering either plans to purchase a new property or re-finance existing mortgages.”

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