Buy-to-let lender launches

Buy-to-let lender launches

A buy-to-let lender providing mortgage products for professional portfolio landlords and other specialist property investors has launched.

Zephyr Homeloans is a subsidiary of international third-party mortgage service provider Computershare Loan Services, though underlying funding is arranged separately.

Following a pilot, Zephyr has now started to accept individual and limited company applications through a number of intermediary partners.

It offers funding for individual buy-to-let properties as well as for houses in multiple occupation, multi-unit freehold blocks, new builds and flats above commercial premises.

The company aims to create partnerships with approved intermediary brokers and will arrange underwriting, fulfilment, and day-to-day administration.

Funding will be provided by institutional lenders.

Rates start at 2.69 per cent. Computershare stated Zephyr would also offer proactive guidance and mortgage solutions to intermediaries to help them serve their clients.

Peter Charge, head of sales at Zephyr, said: "Zephyr is offering two and five-year fixed rate products with a range of fee and rate options.

"We are arranging loans of up to £2m on behalf of institutional investors for our standard range and up to £1.5m for specialist properties and are assisting them with accessing funding from third parties."