Zephyr Homeloans is reducing rates across its tracker mortgages by 40 basis points (bp) as landlord interest increases, it has announced.
The specialist buy-to-let (BTL) lender is now offering 5.94% (base rate + 1.69%) on a lifetime tracker standard BTL mortgage product at 65% loan-to-value for properties with an Energy Performance Certificate rating of A to C. For properties rated D or E, the rate is 6.04% (base rate + 1.79%).
The lender is also offering a lifetime tracker rate of 6.14% (base rate + 1.89%) at 65% LTV for houses of multiple occupancy (HMOs) and multi-unit freehold properties with an A to C EPC rating. For properties rated D or E, it’s 6.24% (base rate + 1.99%).
Zephyr Homeloans managing director Paul Fryers said: “We are seeing a steady increasing interest in tracker mortgage products from brokers who want to help their landlord customers to take advantage of the flexibility such products can offer.”
Multiple product fee options are also available on Zephyr’s fixed rate products.
