Zephyr Homeloans has expanded its mortgage product range to include 12-bedroom multi-occupancy (HMO) or multi-family homes (MUFBs).
Previously, the lender allowed healthcare facilities and MUFBs a maximum of six rooms or units.
There are two-year fixed-rate mortgage products for HMOs and MUFBs with seven to 12 bedrooms or units up to 75%. LTV with a 7% fee has a rate of 3.14%.
It has also added a five-year fixed mortgage product for HMOs and MUFBs with seven to 12 bedrooms or units up to 75% LTV with a 7% fee and a 5.04% rate.
Finally, it has introduced a lifetime tracker for HMOs and MUFBs up to 75% LTV with a 3% fee and a 6.29% rate.
Paul Fryers, Managing Director of Zephyr Homeloans, said: “We are delighted to be expanding our HMO and MUFB mortgage product range. Our latest products enable brokers to offer their landlord clients a greater choice to suit their business.”