Specialist buy-to-let mortgage lender, Zephyr Homeloans, has announced that it has broadened its product range to include larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).
Previously, Zephyr’s mortgage products were limited to HMOs or MUFBs of up to six rooms or units. The new offerings now cover properties with up to 12 bedrooms or units.
The company is offering:
3.14% on a two-year fixed rate mortgage for HMOs and MUFBs with seven to 12 bedrooms or units up to 75% LTV, with a 7% fee.
5.04% on a five-year fixed rate mortgage for HMOs and MUFBs with seven to 12 bedrooms or units up to 75% LTV, with a 7% fee.
6.29% on a lifetime tracker for HMOs and MUFBs up to 75% LTV, with a 3% fee.
“We’re pleased to expand our HMO and MUFB mortgage product range,” said Paul Fryers, managing director at Zephyr Homeloans. “Our latest products enable brokers to offer their landlord customers greater choice to suit their businesses.”
