Zephyr Homeloans, the specialist buy-to-let (BTL) lender, has joined the mortgage panel at Openwork, one of the UK’s largest and longest established financial advice and investment networks.
Openwork’s community of more than 4,000 advisers and 1.2 million clients will now have access to Zephyr’s range of buy-to-let products, which cover loans up to a value of £1 million for standard properties with a maximum loan-to-value (LTV) of 75% and £750K for specialist properties with a maximum LTV of 70%.
Paul Fryers, Managing Director at Zephyr Homeloans, said: “Openwork is one of the most respected intermediary networks in the country, and we’re excited to bring our broad range of buy-to-let products – available to both individuals and companies – to its advisers.
“Since the market has opened up again, we have expanded our distribution footprint significantly and we’re looking forward to building a long-term relationship with the team at Openwork.”
Paul Shearman, Mortgage, Protection and GI Proposition Director for Openwork said: “We’re delighted to welcome Zephyr Homeloans, a part of Computershare Loan Services, to our lender panel.
“We’re looking forward to drawing on Zephyr’s wealth of industry experience as the buy-to-let market continues to evolve and becomes more complex.
“Our advisers and their clients will welcome the support of a lender that brings a focus on meeting the needs of professional portfolio landlords and other specialist property investors.”
Zephyr recently launched a new range of specialist buy-to-let products with rates starting at just 3.19% for a two-year, fixed-rate, standard property buy-to-let mortgage and at 3.69% for a standard property, five-year, fixed-rate product.
Last month, Zephyr expanded its range of fixed-rate BTL mortgages for standard properties, houses in multiple occupancy (HMOs), multi-unit blocks (MUBs), new-build properties and flats above commercial properties, all priced at different rates to reflect different LTVs.
Zephyr Homeloans is a trading name of Topaz Finance Limited, a part of the Computershare Loan Services division of the Computershare group.