CHL Mortgages reintroduces five-year fixes

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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.”

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