Leeds Building Society and Zephyr revise BTL ranges

Leeds Building Society and Zephyr Homeloans have made changes to their BTL ranges.

Leeds Building Society

Leeds Building Society has launched its first green BTL products and has increased maximum LTVs for first time landlords to 75%.

The new green product range offers loans up to £500,000 for the purchase of properties with A-C EPC ratings.

Clients can choose between two-year fixed-rate options, available at 1.62% at 75% LTV and 2.99% at 80% LTV, and five-year fixed-rate options, priced at 2.06% at 75% LTV and 3.15% at 80% LTV.

Each product comes with a free standard valuation and a £999 fee, available initially only through intermediaries.

The 75% LTV options also offer £500 cashback upon completion.

Matt Bartle, director of products at Leeds Building Society, said: “We’re always looking for more ways to share our knowledge and support our borrowers as they look to reduce their environmental impact.

“By offering the society’s first green BTL products and increasing the maximum LTV on our BTL lending up to 80% LTV, we’re ensuring we continue to create products that widen choice and respond to the needs of borrowers.

“We recently launched green residential mortgages and we’re pleased to now be able to support landlords with these new products.”

Zephyr Homeloans

Zephyr Homeloans has extended access to its 80% LTV standard BTL products to all intermediaries.

Brokers can now submit applications directly to the lender for its two- and five-year fixed-rate range  for properties that meet the criteria.

Previously, the offer was available through packagers.

Paul Fryers, managing director at Zephyr Homeloans, said: “Extending access to 80% LTV standard mortgages is part of our efforts to give brokers and borrowers the widest possible choice of products so they can find loans that best suit their individual circumstances.”

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