MCI adds Zephyr Homeloans to BTL panel
The MCI mortgage club has appointed Zephyr Homeloans to its panel of specialist lenders for buy-to-let (BTL) products.
MCI Club members will benefit from Zephyr’s application-fee-free approach, as well as loan-to-values (LTVs) up to a maximum of 75%, with a maximum loan value of £750,000, and up to 70% LTV for properties up to £1 million.
In addition, members will have access to specialist products, including new-builds, with a maximum LTV of 70% and a maximum loan value of £750,000 within the M25, or £500,000 outside the M25.
MCI Club provides specialist coverage across multiple sectors, along with a free customer relationship management (CRM) tool, with anti-money laundering (AML) and credit report functionality.
Melanie Spencer (pictured), head of MCI Club, said: “The rental market continues to be an attractive market for property investors, especially post-lockdown where a surge in demand has already been observed.
“By adding Zephyr to our panel, our members have a wider set of product options to service their investment clients whether they are looking to expand or restructure their portfolio.”
Paul Fryers, managing director at Zephyr, said: “We’re really pleased to be able to join the MCI Panel and bring our range of buy-to-let products to MCI Club members.
“In light of the unprecedented events of this year, it is more important than ever that distributors and lenders work closely together to provide access to the broadest range of mortgage products and insight to brokers.
“We look forward to working with the MCI team and adding value to the relationship.”