Specialist buy-to-let lender CHL Mortgages for Intermediaries has unveiled a series of enhancements to its product range, introducing free valuations on selected deals and cutting rates by up to 39 basis points.

The free valuation offer applies to products in both the CHL1 limited edition range and the CHL2 offering, which caters to landlords investing in large houses in multiple occupation (HMOs). CHL1 provides options for a wide variety of property types, including standard buy-to-lets, smaller HMOs, and multi-unit freehold blocks (MUFBs) of up to six bedrooms or units. The CHL2 range is designed for more complex investments, covering large HMOs and MUFBs with up to 10 bedrooms or units.

Alongside the introduction of free valuations, CHL Mortgages has implemented rate reductions across its portfolio. Two-year fixed rates now start from 2.35%, with five-year fixed rates beginning at 4.48%. The products are available to both individual and limited company landlords, with loan-to-values of up to 75% and a choice of product fee structures.

Darrell Walker (pictured), group sales director for CHL Mortgages for Intermediaries and ModaMortgage, said: “We’re delighted to introduce free valuations on selected products on our CHL1 limited edition and CHL2 large HMO ranges. We’re particularly excited to be able to offer free valuations on large HMOs – this is fantastic news for landlords who are looking to invest in properties with up to 10 bedrooms.

“The free valuations, combined with the rate reduction across all products and ranges, means we can offer brokers even more choice and ways of supporting their buy-to-let clients to get the products they need.”