An experienced buy-to-let landlord in Slough has become the first to be granted a mortgage by Zephyr Homeloans, a new dedicated BTL lender that provides a range of mortgage products for professional portfolio landlords and other specialist property investors.
Zephyr, which accepts applications from portfolio landlords with more complex requirements including borrowing via SPV limited companies and those looking to finance HMOs, multi-units and flats above commercial, made an offer to lend a total of £267,750 at 75% loan-to-value within 14 working days and the case processed smoothly through to completion thereafter.
The landlord used the funds, brokered by Mortgages for Business, to buy a two-bedroom terraced house in Slough.
Peter Charge, head of sales for Zephyr Homeloans, said: “It’s great news that we’ve completed our first Zephyr mortgage with Mortgages for Business.
“The company is a strong launch partner for the Zephyr brand, and we look forward to continuing to work closely with them in the future.”
Mortgages for Business currently has several more deals in the Zephyr pipeline, according to Steve Olejnik, managing director at Mortgages for Business.
He commented: “I think they [Zephyr] will be a popular option for our clients. Brokers who are not on Zephyr’s panel can gain access via Mortgages for Business using either our packaging or deal placement services.”