CHL Mortgages cuts short-term let rates by 30bps

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CHL Mortgages has launched a limited-edition range and reduced rates across its short-term let products.

The specialist lender’s new limited-edition products start from 2.70% for single dwelling properties and from 2.80% for HMO and MUFB properties with up to six bedrooms or units.

CHL Mortgages has also reduced rates by 30bps across its short-term let range, with rates now starting from 3.16% for landlords intending to let a property for a short period, such as a holiday let or serviced apartment.

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

Mil Consiglio (pictured), head of sales at CHL Mortgages, said: “We’re excited to be launching these new limited-edition products with rates from 2.70%, as well as slashing rates by 30bps across our short-term let range.

“This reflects our focus on delivering great value products for landlords who may be looking to diversify their portfolios and explore other investment opportunities.”

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