Vida, Zephyr and YBS Commercial Mortgages update product offerings

Vida, Zephyr Homeloans and YBS Commercial Mortgages have introduced new products to their specialist finance offerings.


Vida has launched a new limited-edition BTL product.

The new five-year fixed-rate option offers loans up to £1m at maximum 75% LTV, priced at 2.94% with no product fee.

It is available for both purchases and remortgages, as well as HMOs and MUBs.

The new limited-edition option complements the existing two-year BTL limited-edition product launched last month, priced at 2.89% at up to 75% LTV, with a £1,495 fixed fee.

Richard Tugwell, director of mortgage distribution at Vida, said: “We are proud to continue evolving our product range to meet the complex needs of brokers and their customers. 

“The specialist BTL marketplace continues to see levels of interest from investors, developers and landlords who are looking to take advantage of rising tenant demand and a highly competitive lending environment. 

“We are confident our limited-edition winter deals will meet the needs of our intermediary partners and their customers.  

“It also reinforces our commitment to offering greater opportunities for brokers and their customers locked out of high-street lending.” 

Zephyr Homeloans

Zephyr Homeloans has introduced a suite of green BTL mortgages to support greater energy efficiency in the UK private rental sector.

The new range includes two- and five-year fixed-rate options at reduced rates for standard properties, HMOs and MUFBs that have an EPC rating between A and C.

For standard properties, prices start at 2.54% for a two-year fix at 65% LTV, and 2.79% for a five-year fix at 65% LTV.

Meanwhile, rates for HMO and MUFBs start from 2.89% and 3.23% at 65% LTV for two- and five-year fixes, respectively.

In addition, the lender has reduced rates on some products across it new build and flats above commercial units range for properties rated A to C, as well as D to E, by an average of 45 percentage points.

Brokers must provide evidence of a property’s EPC rating as part of the loan verification or underwriting process when opting for one of the new products.

Paul Fryers, managing director at Zephyr Homeloans, said: “Our brokers are reporting increased interest from landlords in mortgage products that reflect the government’s proposals to improve the energy efficiency of properties across the UK.  

“Zephyr’s EPC Deal underlines our focus on innovation, competitiveness and ability to respond to customers’ needs in a fast-moving specialist BTL market.”

YBS Commercial Mortgages

YBS Commercial Mortgages has made changes to its criteria to resume lending in the leisure sector.

As part of its commercial investment product range, the lender is now offering loans at up to 65% LTV with a maximum value of £3m per property for leisure industry businesses, such as restaurants, bars, gyms and travel agents.

The offer is not available for specialist properties — including cinemas, theatres, 10-pin bowling alleys, large gyms with swimming pools and ice-skating rinks.

This follows a series of changes implemented by the lender throughout the year, including revamping its BTL range following broker feedback, as well as reducing the ICR thresholds across its BTL suite.

Tom Simpson, managing director at YBS Commercial Mortgages, said, “By making this change, we’re illustrating our support for the economy, as and when we eventually come out of the pandemic.

“We’re committed to the commercial finance market and to servicing the clients and sectors that need our help; enabling lending in the leisure industry is one of the ways we can support this.”

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