The lender’s new rates will now start at 3.19% for up to £1.5m for the five-year fixed-rate standard buy-to-let mortgage for individuals and limited companies. No upfront application fee on this, but will carry a 2% arrangement fee.
Last month, Zephyr announced its new 1% product fee option for standard and specialist properties and enhanced its range by increasing its minimum loan-to-value limit to 65% across its entire product range while retaining the £1.5 million maximum loan amount.
Paul Fryers, Managing Director at Zephyr Homeloans, said: “We are delighted to offer a reduced and highly competitive ‘Spring Special’ on our five-year, fixed-rate product, which coincides with the peak property buying season.
“The new rates are one of the lowest in the specialist buy-to-let market today, offering landlords and property investors further product options when considering either plans to purchase a new property or re-finance existing mortgages.”
