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

Higher mortgage rates put buyers in driving seat as sales fall

Higher mortgage rates have pushed buyers firmly into the driving seat, with agreed sales...

Stent to take over as MAB finance chief as Imlach leaves board

Mortgage Advice Bureau has confirmed Jo Stent will become group chief financial officer and...

Virgin Money raises residential fixed rates by up to 0.20%

Virgin Money is increasing a range of residential purchase, remortgage and product transfer fixed...

Government commits to licensing property agents but detail remains unclear

The government has committed to mandatory licensing and qualifications for property agents as part...

Meet the hosts of Mortgage’s Got Talent

As the mortgage industry prepares to swap case discussions, criteria and rates for microphones,...

Latest publication

Other news

Higher mortgage rates put buyers in driving seat as sales fall

Higher mortgage rates have pushed buyers firmly into the driving seat, with agreed sales...

One mortgage journey no longer fits every borrower

In the mortgage market, we have lots of different ways of describing customers depending...

Stent to take over as MAB finance chief as Imlach leaves board

Mortgage Advice Bureau has confirmed Jo Stent will become group chief financial officer and...