Here’s a quick summary of the latest updates and key details from Zephyr Homeloans:
Updates:
- Large HMO & MUFB Fixed Rates reduced by 25bps (26 Nov).
- All Fixed Rates reduced by 10bps (10 Nov).
- Rates must be secured within 60 days of application.
Key Details:
- Loan Types: Buy-to-let mortgages for individuals and limited companies.
- Maximum Loan Sizes: £2M (standard properties), £750k (new builds/flats above commercial), £1.5M (HMOs/MUFBs).
- LTV: Up to 80% for standard properties/Small HMOs; 75% for new builds/flats above commercial/Large HMOs.
- Minimum Valuation: £75k (standard properties), £100k (Small HMOs), £120k (Large HMOs).
- Reversion Rate: BBR +4.90% (Fixed Rate); BBR +5.15% (HMO/MUFB).
- ERC: 2-Year Fixed (3% Year 1, 2% Year 2); 5-Year Fixed (5%-1% over 5 years). No ERC for Lifetime Tracker products.
Contact Us:
- Gemma Cauwood (North East): 07483 174920 | gemma.cauwood@zephyrhomeloans.co.uk
- Victoria Shepherd (North West, North Wales, NI): 07483 174900 | victoria.shepherd@zephyrhomeloans.co.uk
- Lucy Cridge (West Midlands, South East & South West): 07483 955324 | lucy.cridge@zephyrhomeloans.co.uk
For existing cases, call 0370 707 1894 or email BDMQueries@zephyrhomeloans.co.uk.
Visit zephyrhomeloans.co.uk for more details.