Zephyr Homeloans has prolonged its mortgage product vary to incorporate 12-bedroom homes of a number of occupation (HMO) or multi unit freehold blocks (MUFBs).
Previously, the lender would permit HMOs and MUFBs as much as six rooms or models.
There is a two-year fastened fee mortgage products for HMOs and MUFBs with seven to 12 bedrooms or models as much as 75% LTV with a charge of seven% has a fee of three.14%.
It has additionally added a five-year fastened time period mortgage product for HMOs and MUFBs with seven to 12 bedrooms or models as much as 75% LTV with a charge of seven% and a fee of 5.04%.
Finally it has launched a lifetime tracker for HMOs and MUFBs as much as 75% LTV with a charge of three% and a fee of 6.29%.
Zephyr Homeloans managing director Paul Fryers says: “We’re happy to broaden our HMO and MUFB mortgage product vary. Our newest products allow brokers to supply their landlord prospects larger option to go well with their companies.”
