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.”
