Zephyr Homeloans lowers interest coverage ratios for BTL mortgages
zephyr homeloans

Zephyr Homeloans lowers interest coverage ratios for BTL mortgages




Zephyr Homeloans has reduced a range of its interest coverage ratios (ICR).

For HMOs, multi-unit freehold blocks (MUFB) and flats above commercial property (FAC), the specialist BTL lender has reduced its ICR from 155% down to 135% for limited companies and 150% for individuals.

Zephyr has also reduced its ICRs for new-build properties to the same level as its non-new-build equivalents.

Paul Fryers, managing director at Zephyr Homeloans (pictured above), said: “Zephyr’s new ICRs help landlords and property investors to borrow more than they could do previously — and benefit our intermediary partners by simplifying our criteria.

“The change further cements our position as one of the more competitive lenders available to UK landlords and demonstrates our commitment to the buy-to-let market.” 

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment


Blonde teen Lidsey posing for you