Zephyr Homeloans has launched a new range of Special Edition fixed-rate products and introduced a series of updates to its buy-to-let criteria, expanding the types of cases it is prepared to support.
The lender has unveiled two-year fixed rates starting from 4.54% and five-year fixed rates from 5.10%, each carrying a 2% product fee on standard properties up to 75% LTV. The new rates are also available for Houses in Multiple Occupation and multi-unit freehold blocks.
Alongside the product launch, Zephyr has removed its £200 application fee across all offerings. It has also added new product fee options on standard properties at 75% LTV, giving brokers more flexibility when structuring finance packages for clients.
The lender has paired the new pricing with changes to its lending criteria. It will now consider first-time landlords for HMOs and MUFBs, subject to individual assessment, and has increased its maximum loan size to £2.5m from £2m.
Zephyr has also opened lending to new build HMOs and MUFBs and simplified its interest cover ratio framework. The revised approach applies consistent ICR requirements across all property types, replacing what had previously been a more segmented structure.
The updates include:
Two-year fixed rates from 4.54% and five-year fixed rates from 5.10%
Removal of the £200 application fee across all products
Maximum loan size increased to £2.5m
First-time landlords now considered for HMOs and MUFBs, subject to criteria
Lending available on new build HMOs and MUFBs
A simplified, consistent ICR framework across property types
Zephyr said the combined product and criteria changes are designed to reflect the growing complexity of the buy-to-let market and the need for more adaptable funding options for brokers and landlords.
“We’re committed to significantly strengthening our specialist lending proposition for intermediaries and their landlord clients in an increasingly complex buy-to-let market,” said Paul Fryers, managing director at Zephyr Homeloans.
“Saying goodbye to application fees and introducing these enhancements means Zephyr can support more landlords, lend on a wider range of properties, and offer more options for our broker partners.”
