Zephyr Homeloans announces products to support energy efficient properties

Zephyr Homeloans has unveiled several new products as part of a range redesign aimed at supporting greater energy efficiency in the UK private rental sector.

The specialist buy-to-let (BTL) lender confirmed the products offer reduced rates of 10 basis points for standard properties, as well as for houses in multiple occupancy (HMOs) and multi-unit freehold blocks (MUFBs) that have an Energy Performance Certificate (EPC) rating of A to C.

Rates for a two-year standard property product starting at 2.54% for a 65% LTV product, and at 2.79% for a five-year standard property product also at 65% LTV.

Zephyr, which is owned by Computershare, revealed it had also reduced rates on some products in its range for new build and flats above commercial property for properties rated A to C, as well as D to E, by an average 45 bps.

EPC ratings range from A to G on all UK properties, with A being the most efficient and G being the least. The current minimum energy efficiency standard for rented property is E, unless the landlord has a valid exemption.

Commenting on the changes, Zephyr managing director, Paul Fryers, said: “Our brokers are reporting increased interest from landlords in mortgage products that reflect the government’s proposals to improve the energy efficiency of properties across the UK.

“Zephyr’s EPC Deal underlines our focus on innovation, competitiveness and ability to respond to customers’ needs in a fast-moving specialist BTL market.”

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