CHL cuts buy-to-let rates by up to 25bps

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CHL Mortgages has reduced rates across its short-term let and limited edition buy-to-let ranges.

The specialist buy-to-let lender has cut rates by up to 25bps across short-term let products and by up to 10bps across its limited edition buy-to-let range.

Limited edition rates for single dwelling properties now start from 2.85%, while rates for HMO and MUFB properties with up to six bedrooms or units start from 2.95%.

Rates for short-term let properties, including holiday lets and serviced accommodation apartments, now start from 3.46%.

The products are available to individual and limited company landlords, with a choice of fee options. CHL is offering up to 80% LTV, with free valuations available on selected short-term let products.

Roger Morris, Chetwood Bank group distribution director for CHL Mortgages and ModaMortgages, said: “We’re delighted to be able to make these rate cuts across our limited edition and short-term let product ranges.

“The reductions reflect our focus on delivering greater value for landlords while giving them the opportunity to diversify their portfolios and explore other investment opportunities.”

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