Zephyr Homeloans, the specialist buy-to-let mortgage lender, has increased its proc fees for brokers, from 0.5% to 0.7% gross.
The company added that it has also reduced rates on all its 5-year, fixed-rate mortgage products by 0.10%.
As a result, the lender is now offering 4.24% on a 5-year, fixed-rate, standard mortgage product up to 75% loan-to-value (LTV), with a 7% fee.
It is also offering 2.39% on a 2-year, fixed-rate, standard mortgage product up to 75% LTV, with a 7% fee.
Zephyr added that it is making available some ‘limited edition’ mortgage products with a 5% fee, starting from 3.04% on a 2-year fixed rate and 4.5% on a 5-year fixed rate.
Paul Fryers, managing director at Zephyr Homeloans, said the limited edition mortgage products aimed to provide additional savings for landlords.
He added: “We are constantly striving to find better ways to provide more affordable options for landlords as well as enhancing our proposition for brokers.”
