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.”

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

Gilt turmoil puts fresh pressure on mortgage rates

Rising government borrowing costs are putting renewed upward pressure on UK mortgage rates as...

UK needs first primary surplus in 25 years, warns NIESR

The UK needs to run its first primary budget surplus in 25 years if...

Gatehouse launches fee-free refinance products

Gatehouse Bank has launched a range of limited-edition refinance products for UK residents with...

Bank of England turns to AI and real-time mortgage data

The Bank of England is using artificial intelligence and real-time financial data, including information...

FCA explores rent payments as mortgage evidence

Rental payment histories could play a greater role in mortgage affordability assessments as the...

Latest publication

Other news

Gilt turmoil puts fresh pressure on mortgage rates

Rising government borrowing costs are putting renewed upward pressure on UK mortgage rates as...

UK needs first primary surplus in 25 years, warns NIESR

The UK needs to run its first primary budget surplus in 25 years if...

Gatehouse launches fee-free refinance products

Gatehouse Bank has launched a range of limited-edition refinance products for UK residents with...