CHL Mortgages for Intermediaries cuts rates and launches new products

Published on

CHL Mortgages for Intermediaries has lowered rates by up to 17 basis points (bps) across its CHL1 buy-to-let mortgage range, which includes limited-edition products.

The repriced limited-edition range also now includes three new products.

The lender’s CHL1 range, which allows for a wide range of property types, from studio flats to houses in multiple occupation (HMOs) with up to six bedrooms, now start from 2.67% for two-year fixed rates and from 4.56% for five-year fixed rates.

The lender has also added three new products to its limited-edition range, aimed at landlords looking to purchase or remortgage an HMO or multi-unit freehold block(MUFB) of up to six bedrooms/units. Landlords can now opt for 3.5% or 5% fee options when choosing a two-year fixed rate, or a 2% fee option when selecting a five-year fixed rate.

All products are available to individual and limited company landlords, with up to 75% LTV available.

Ross Turrell (pictured), commercial director at CHL Mortgages, said: “We’re delighted to announce we’ve reduced rates across our CHL1 range.

“The launch of the additional limited-edition products further enhances the options we’re offering to landlords looking to explore the opportunities that HMOs and MUFBs can offer.”

Latest POLL

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

Advisers warned of regulatory risks over neglecting wills and LPAs in later life lending

Financial advisers could be falling short of regulatory expectations and endangering customer outcomes by...

Rosemount Financial Solutions announces senior promotions

Rosemount Financial Solutions (IFA) has announced a series of senior promotions as the growing...

L&G adds Harpenden Building Society to surveying services panel

Legal & General (L&G) has expanded its Mortgage Services business with the addition of...

HTB appoints Alexia Evans as lending director to strengthen development finance team

Hampshire Trust Bank (HTB) has appointed Alexia Evans as lending director within its development...

Other news

Advisers warned of regulatory risks over neglecting wills and LPAs in later life lending

Financial advisers could be falling short of regulatory expectations and endangering customer outcomes by...

Rosemount Financial Solutions announces senior promotions

Rosemount Financial Solutions (IFA) has announced a series of senior promotions as the growing...

L&G adds Harpenden Building Society to surveying services panel

Legal & General (L&G) has expanded its Mortgage Services business with the addition of...
Advertisement