Zephyr Homeloans, the specialist buy-to-let mortgage lender, has extended its product range to cover larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).
Previously, Zephyr products were available for HMOs and MUFBs of up to six rooms or units. The new mortgages now accommodate properties with seven to 12 bedrooms or units, offering landlords greater flexibility.
The lender is offering:
A two-year fixed-rate mortgage at 3.14% for HMOs and MUFBs with seven to 12 bedrooms or units, up to 75% loan-to-value (LTV), with a 7% fee.
A five-year fixed-rate mortgage at 5.04% for HMOs and MUFBs with seven to 12 bedrooms or units, up to 75% LTV, with a 7% fee.
A lifetime tracker at 6.29% for HMOs and MUFBs up to 75% LTV, with a 3% fee.
Paul Fryers (pictured), managing director at Zephyr Homeloans, said: “We’re pleased to expand our HMO and MUFB mortgage product range. Our latest products enable brokers to offer their landlord customers greater choice to suit their businesses.”
