Here is the latest update from Zephyr Home Loans. For full details see their latest product information here.
Announcement
Enhanced BTL products and criteria – now live
We’ve made a number of enhancements to our products and criteria, giving you and your landlord clients more options and greater flexibility.
What’s new?
✅ New Special Edition 2 and 5 Year Fixed Rates with a 2% product fee
✅ Maximum loan size increased to £2.5m (dependent on LTV and property type)
✅ New builds and flats above commercial now in our Standard Property range
✅ New build HMOs and MUFBs now accepted
✅ HMO & MUFB first-time landlords now considered (subject to criteria)
✅ Home ownership minimum now just 3 months on Standard Properties and Small HMOs/MUFBs
✅ ICR rates reduced for all HMOs, MUFBs and flats above commercial
✅ On Leaseholds, minimum lease at end of mortgage lowered to 60 years
The result?
More properties we’ll lend on. More landlords we can support. More deals you can complete with Zephyr.
We have also improved our website, making it quicker and easier for you to view products and criteria.
And a reminder – our procuration fee is now 0.70% gross, available on all new originations submitted via a club or network.