Buy-to-let lender Zephyr Homeloans has reduced initial rates and introduced a 1 per cent product fee option across its entire range.

The Skipton-based firm said its new rates start at 3.04 per cent for a two-year, fixed-rate, standard property buy-to-let mortgage and 3.39 per cent for a standard, five-year, fixed-rate loan for individuals and limited companies.

Its lender’s rates for houses in multiple occupation, multi-unit blocks, specialist new build and flats above commercial property now start at 3.39 per cent for a two-year, fixed-rate loan and 3.59 per cent for a five-year, fixed-rate loan.

Zephyr said it has increased its loan-to-value limit from 60 per cent to 65 per cent across its entire product range. It continues to offer its 70 per cent and 75 per cent loan-to-value products.

Zephyr Homeloans managing director Paul Fryers says: “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.”

The specialist lender said its new 1 per cent product fee option for standard property starts at 3.29 per cent for a two-year fixed-rate loan and 3.49 per cent for a five-year fixed-rate loan.

For specialist properties, rates start at 3.64 per cent for a two-year fixed-rate loan and 3.69 per cent at a five-year fixed-rate loan for the 1 per cent fee product.