Paradigm adds Zephyr Homeloans to lender panel
Paradigm Mortgage Services has added buy-to-let (BTL) mortgage lender Zephyr Homeloans to its panel.
Paradigm member firms can now access Zephyr’s range of standard and specialist BTL products, aimed at professional property investors.
These products are available for both individuals and limited companies.
Zephyr’s latest range of standard products has a maximum loan limit of £1m to 70% loan-to-value (LTV) and £750,000 to 75% LTV.
Zephyr’s specialist products are available to 70% LTV with a maximum loan size of £750,000.
Zephyr lends on houses of multiple occupancy (HMOs) up to six bedrooms and multi-unit freehold blocks of up to six units – the minimum property value for both is £100,000.
Member firms which are not already registered with Zephyr Homeloans can now do so, or if they are registered, can change their payment route to Paradigm.
Paul Fryers, managing director at Zephyr Homeloans, said: “We’re delighted to join Paradigm Mortgage Services’ lender panel and look forward to working with its members to help customers achieve their buy-to-let ambitions.
“Many landlords are currently seeking to expand their buy-to-let portfolio or restructure their existing holdings, and Zephyr is well placed to assist through offering flexible choices with an expanded range of fixed-rate buy-to-let mortgages with 2-year, 5-year and 7-year options.”
John Coffield, head of mortgages at Paradigm Mortgage Services, said: “At a time when it’s so vitally important that we support as broad a range of lenders as possible within the market, we are very pleased to be bringing Zephyr Homeloans on to our panel.
“There has been plenty to suggest that landlords are seeking to make the most of any post-lockdown private rental sector opportunities to both add to portfolios or refinance, and Zephyr’s product offering will provide further choice for advisers and their clients.
“As a lender it is also willing to look beyond standard landlord norms in terms of profession, income, tenants, etc and we certainly believe that clients who fit this bill are likely to find a strong offering and service from Zephyr.”