Zephyr Homeloans, the specialist buy to let mortgage provider, has launched a two-year, fixed, 80% mortgage product across its standard, HMO and MUFB (multi-unit freehold blocks) ranges. 
 
It’s offering the following for properties with an A to C-rated energy performance certificate:

•  5.89% on a two-year, fixed-rate, standard mortgage up to 80% LTV, with a 3% fee;

•  6.09% on a two-year, fixed-rate mortgage for HMOs and MUFBs up to 80% LTV, with a 3% fee
 
Zephyr also said it is offering the following rates for properties with an EPC rating of D or E: 
 
•  5.99% on a two-year, fixed-rate, standard mortgage up to 80% LTV, with a 3% fee;

•  6.19% on a two-year, fixed-rate mortgage for HMOs and MUFBs up to 80% LTV, with a 3% fee.
 
Paul Fryers, managing director at Zephyr Homeloans, says: “We’re seeing increasing interest from brokers in the HMO and MUFB sector. In launching these products we’re able to help brokers support their landlord clients to develop their business in this specialist market segment.” 
 
Landlords can also add mortgage arrangement fees to the loan balance up to a maximum LTV of 83%, says the lender.

Elsewhere in the buy to let mortgage space Molo Finance has announced reductions to its BTL rates for UK residents, expats and non-UK residents, with cuts of up to 25 basis points.

For UK residents the two-year fixed buy to let rates start from 4.35% for individual and limited company borrowers at a 75% loan-to-value; five-year fixed rates start at 4.96%. Specialist products – including multi-unit freehold blocks, HMOs, holiday lets and investor-led properties – also have reductions from 4.45% for a two-year fixed and 5.06% for a five-year fixed rate.

Expats are also offered reduced rates, with two and five-year fixed BTL products now available from 4.99% for capital and interest mortgages and 5.74% for interest-only mortgages, both at a 70% LTV.However, for non-UK residents, fixed rates remain unchanged.

A £150 application fee applies to all new UK resident applications submitted.

Meanwhile Santander has made reductions up to 0.20% on selected fixed-rate mortgages across its purchase, remortgage, buy-to-let, and new-build ranges.

In terms of buy to let mortgage rates, the 60% LTV two-year fixed rate buy to let purchase mortgage with a £1,749 purchase fee is now 4.62%, down from 4.72%.
The 60% LTV five-year fixed rate buy-to-let remortgage with a £1,749 fee is cut to 4.37%, previously 4.50%.

Paragon Bank, too, has lowered rates on its range of two-year buy to let fixed-rate mortgages, starting at 3.89% for single self-contained properties with A to C EPC ratings. For homes with EPC D or E, rates will start from 3.94%. These are available at 70% loan-to-value and come with a 5.00% fee.

For landlords seeking 75% LTV there are two-year fixed-rate products starting at 4.80% with a 3.00% product fee. A 1.50% fee product is also available, with rates set at 5.55% for the EPC A to C mortgage and 5.60% for EPC D and E.

Landlords financing the purchase or remortgage of HMOs or multi-unit blocks are offered the same products but with rates starting at 4.14% at 70% LTV and 5.05% at 75% LTV. The products are available for individual and limited company applications in England, Scotland and Wales, include a free mortgage valuation and an application fee of £299.