CHL Mortgages has expanded its CHL 1 product range, adding 55% LTV options and five-year fixed rate products to the range.
The CHL 1 range offers standard buy-to-let and HMO/MUFB products for individuals and limited companies.
Interest rates start from 3.19% for the two-year fixed, with the five-year fixed starting from 4.67% – these are for Standard buy-to-let products up to 55% LTV with a 7% fee.
Interest rates for the equivalent HMO/MUFB products are 3.21% and 4.73% respectively.
Higher LTVs are available across the range, with 65% LTV products starting from 3.25% (standard buy-to-let) and 3.28% (HMO/MUFB); 70% LTV products from 3.35% (standard buy-to-let) and 3.37% (HMO/MUFB) and 75% LTV products from 4.54% (standard buy-to-let) and 4.55% (HMO/MUFB).
Product fees are available in 2%, 5% and 7% options.
Ross Turrell (pictured), commercial director at CHL Mortgages, said: “We are delighted to announce that we have expanded our CHL 1 product range by re-introducing five-year fixed products and added new 55% LTV bands. These additions have been made to help intermediaries better serve their clients’ needs.”
