CHL Mortgages for Intermediaries adds higher fee products to limited edition buy-to-let range

Published on

CHL Mortgages for Intermediaries has expanded its limited edition buy-to-let range to include products with higher fee options to help more landlords access its higher LTV mortgages.

The limited edition range now features new 6% and 7% fee options on the 2-year fixed-rate range at 75% LTV, and a new 6% fee option on the 5-year fixed-rate range, again at 75%.

Rates for standard 2-year fixed products start from 3.12%, with 5-year fixed products starting from 4.76%.

The lender has also reduced rates by up to 30bps across its CHL 2 core product range with 2-year fixed products now starting from 3.27% and five-year fixed products starting from 5.06%.

NEW SEGMENTS

Ross Turrell (pictured), Commercial Director at CHL Mortgages, said: “We’re always looking for new ways to be as competitive as possible and adding these higher fee products to our limited edition buy-to-let range enables us to explore new segments of the market.

“By entering the 75% LTV area of the high fee market, we’re giving landlords even more choice, helping to improve affordability and enabling them to access higher LTV mortgages.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

New-build asking prices edge higher as regional divide widens

The average asking price of newly instructed new-build homes in Great Britain edged higher...

LGSS targets growth as valuation market becomes more complex

Legal & General Surveying Services is seeking to increase its profile in the mortgage...

Mortgage industry backs alcohol-free MIMHC lunch

An alcohol-free event organised by the Mortgage Industry Mental Health Charter (MIMHC) has secured...

The blind spot: residential advisers and the over-55 customer

Yesterday I talked about the supportive nature of the equity release and later life...

HSBC cuts residential and buy-to-let mortgage rates

HSBC UK is reducing rates across its residential and buy-to-let mortgage ranges from 19...

Latest publication

Other news

New-build asking prices edge higher as regional divide widens

The average asking price of newly instructed new-build homes in Great Britain edged higher...

LGSS targets growth as valuation market becomes more complex

Legal & General Surveying Services is seeking to increase its profile in the mortgage...

Mortgage industry backs alcohol-free MIMHC lunch

An alcohol-free event organised by the Mortgage Industry Mental Health Charter (MIMHC) has secured...