CHL Mortgages has made further reductions to the pricing of its two and five-year fixed rate products.
Five-year fixed rates on its Core range (Individual, Limited Companies/LLP, Small and Large HMO/MUFB and Short-Term-lets) now start from 5.37% and are available to Individual and Limited Company/LLP borrowers.
The small HMO/MUFB five-year fixed rates now start from 5.42%, and the large HMO/MUFB five-year fixed rates start from 5.47%.
The Core range of products are available up to 75% loan to value with a variety of fee options, including a fixed fee of £1,999 (available to maximum loan sizes of £200,000) as well as a 2% fee options. Further fee options of 3%, 4% and 5% are available to 70% LTV.
The lender continues to offer three-year Tracker products within its core range, with rates and fees remaining unchanged.
CHL Mortgages has also reduced two and five-year fixed rates across its Refurbishment BTL range (Cosmetic Improvement, EPC Improvement and Light Refurbishment).
The two-year and five-year fixed rates start from 5.99% on its Cosmetic Improvement, EPC Improvement (green product) rates start from 6:04%, and the Light Refurbishment starts from 6.09%.
All Refurbishment Range products are available up to 70% LTV with a 3% product fee.
Ross Turrell (pictured), commercial director, CHL Mortgages, said: “As the market continues to stabilise, we are pleased to be able to support our intermediary partners by offering lower interest rates.”
