Zephyr Homeloans scraps upfront application fees

Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, will no longer charge an upfront application fee.

The lender will remove the charge, which had been £199, with immediate effect until further notice.

The change will apply whether a broker deals directly with Zephyr or goes through one of the 15 packagers that it distributes its mortgages through.

Paul Fryers at Zephyr Homeloans said: “After ten months of Zephyr trading, we’re now moving into the next phase of our growth plan and want to give something extra to brokers, packagers and their clients.

“We understand the pressures on landlords at the moment, so we want to make it easier for more people to benefit from Zephyr’s highly competitive range of buy-to-let mortgages by making access to our products even cheaper.”

Zephyr says its range of buy-to-let mortgages includes some of the most competitive loans in the market, with rates starting from just 2.49% on its two-year, fixed-rate products and from 3.20% on its five-year fixes.

Zephyr Homeloans is a trading name of Topaz Finance Limited, a part of the Computershare Loan Services division of the Computershare group.