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.
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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.”