Zephyr Homeloans launches 75% LTV BTL mortgage products
Specialist lender Zephyr Homeloans has launched a suite of buy-to-let (BTL) mortgage products offering up to 75% loan-to-value (LTV).
Zephyr has expanded its range of fixed-rate BTL mortgages for standard properties, residential properties, houses in multiple occupancy (HMOs), multi-unit blocks (MUBs), new-build properties and flats above commercial properties, all priced at different rates to reflect different LTVs.
A selection of 2-year, 5-year and 7-year fixed rates are available in each range.
Rates start at 3.19% for a 2-year, fixed-rate, standard property buy-to-let mortgage and at 3.69% for a standard, 5-year, fixed-rate loan.
LTVs are available at 60% and 70% across all ranges, and up to 75% on the standard range.
Zephyr will lend up to £1m on its standard range at 70% LTV, and up to £750,000 on its other ranges.
Paul Fryers (pictured), managing director at Zephyr Homeloans, said: “We’re excited to offer such a wide-ranging suite of products to our clients as the BTL market begins to open up and the market starts moving.
“Our product expansion offers options suited for a range of needs – whether landlords are aiming to continue to invest in new BTL properties or seeking to restructure their existing portfolio.
“Despite COVID, ongoing demand from brokers and their clients reflects a confidence that buy-to-let investments – and property, in general – remain good prospects for medium and longer-term investment.”