Zephyr Homeloans, a specialist provider of buy-to-let mortgages, has declared a rate reduction on its fixed mortgage products. The 5-year fixed rates have been reduced by 65 basis points (bps), and 2-year fixed rates by 55 bps, signaling more attractive terms for landlords.
For properties with an energy performance certificate (EPC) rating between A and C, Zephyr is now offering a 4.80% rate for a 2-year fixed standard buy-to-let mortgage at 65% loan-to-value (LTV), accompanied by a 5% product fee.
Additionally, a rate of 5.30% has been set for their 5-year fixed standard buy-to-let mortgages at the same LTV, also with a 5% product fee.
Properties rated D or E on the EPC will see rates of 4.90% for 2-year fixed standard buy-to-let mortgages and 5.40% for 5-year fixed terms, each at 65% LTV and with a 5% product fee.
Paul Fryers, managing director at Zephyr Homeloans, said: “With industry commentators signalling the potential end of the current cycle of base rate increases, we’re pleased to be able to reduce our product rates and provide more compelling and affordable deals for brokers to offer to their landlord customers.”
