CHL Mortgages has added a range of five-year fixed rate products to its product offering, following the recently launched three-year tracker and lifetime tracker products.
Interest rates on the 2% fee products start from 6.85% and are available to amaximum 75% LTV.
3% and 5% product fee options are also available and offered to a maximum 70% LTV with interest rates starting from 6.09%.
All 5-year fixed rate products come with an ERC percentage of 5/4/3/2/1.
Core Product Range:
Individuals & Limited Companies/LLP
• 75% LTV 5-year fixed interest rate of 6.85% with 2% fee
• 70% LTV 5-year fixed interest rate of 6.60% with 3% fee
• 70% LTV 5-year fixed interest rate of 6.09% with 5% fee
Small HMOs & MUFBs
• 75% LTV 5-year fixed interest rate of 6.89% with 2% fee
• 70% LTV 5-year fixed interest rate of 6.65% with 3% fee
• 70% LTV 5-year fixed interest rate of 6.15% with 5% fee
Large HMOs & MUFBs
• 75% LTV 5-year fixed interest rate of 6.95% with 2% fee
• 70% LTV 5-year fixed interest rate of 6.70% with 3% fee
• 70% LTV 5-year fixed interest rate of 6.19% with 5% fee
Short Term Lets
• 75% LTV 5-year fixed interest rate of 7.05% with 2% fee
• 70% LTV 5-year fixed interest rate of 6.80% with 3% fee
• 70% LTV 5-year fixed interest rate of 6.29% with 5% fee
Refurbishment Product Range – available to maximum LTV of 75%:
Light Refurbishment
• 5-year fixed interest rate of 7.00% (Individual and Limited Company/LLP)
• 5-year fixed interest rate of 7.05% (Small HMO/MUFB)
EPC Improvement
• 5-year fixed interest rate of 6.95% (Individual and Limited Company/LLP)
• 5-year fixed interest rate of 7.00% (Small HMO/MUFB)
Cosmetic Improvement
• 5-year fixed interest rate of 6.90% (Individual and Limited Company/LLP)
• 5-year fixed interest rate of 6.95% (Small HMO/MUFB)
Ross Turrell (pictured), commercial director, CHL Mortgages, said: “In this challenging economic climate, five-year fixed rates provide the stability of payments for landlords and enable lenders to take a lower rental cover calculation by using the pay rate.”
