Zephyr unveil buy-to-lets to 75% LTV
Zephyr Homeloans has launched a range of buy-to-let products up to 75% loan-to-value.
The lender offers fixed-rate buy-to-let mortgages for standard properties, residential properties, houses in multiple occupancy (HMOs), multi-unit blocks (MUBs), new-build properties and flats above commercial properties.
Products have LTVs at 60% and 70% across all ranges, and up to 75% LTV on the standard range.
Rates start at 3.19% for 2-year fixes and 3.69% for 5-year fixes.
Paul Fryers, 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.”
There are 2-year, 5-year, and 7-year rates available for each range.
Zephyr will lend up to £1m on its standard range at 70% LTV and up to £750,000 on its other ranges.