Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced initial rates and introduced a 1% product fee option across its entire range.

The new rates start at 3.04% for a two-year fixed-rate standard property buy-to-let mortgage and 3.39% for a standard five-year fixed rate loan for individuals and limited companies.

The lender’s rates for houses in multiple occupation (HMO), multi-unit blocks (MUBs), specialist new-build and flats above commercial property now start at 3.39% for a two-year fixed-rate loan and 3.59% for a five-year fixed-rate loan.

Zephyr has also increased its loan-to-value (LTV) limit from 60% to 65% across its entire product range. It will also continue to offer its 70% and 75% LTV products.

Paul Fryers, managing director at Zephyr Homeloans, comments: “As one of the more competitive lenders in the UK buy-to-let market, we are delighted to offer a reduction in initial rates and an expansion of our products for landlords seeking to increase their portfolios.”

“Our broad range of products now gives landlords and property investors greater flexibility through our increased loan-to-value limit and more opportunities to save as a result of even lower rates.”