CHL Mortgages relaunches previously withdrawn ranges

Published on

CHL Mortgages has relaunched its specialist product range following its withdrawal earlier this year.

The range includes products for landlords looking to access finance for their trading companies, for properties let on short-term tenancies, and for both larger or more complex houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB).

The large HMO/MUFB range, which is designed for properties with up to 10 bedrooms or units, features two and five-year fixed rates starting from 4.67%, and up to 75% LTV available, all with a choice of fee options.

The large HMO/MUFB range also enables CHL Mortgages to support HMOs or MUFB properties that are considered complex, such as HMOs that have been adapted to offer bespoke accommodation, multi-units with shared utilities and hybrid multi-units that incorporate both self-contained and HMO elements.

In addition, the relaunch sees the return of their short-term let range, which supports property investors who use Airbnb, holiday lets and serviced accommodation, with two and five-year fixed rates starting from 5.76% up to 75% LTV, with a choice of fee options.

The lender has also reintroduced its expanded adverse criteria offering to support borrowers with small credit blips that sometimes occur, particularly when managing large numbers of tenancies and credit accounts.

Ross Turrell (pictured), commercial director at CHL Mortgages, said: “This relaunch, coming hot on the heels of our core buy-to-let range refresh and introduction of a range of competitive limited-edition products further underlines our continued commitment to the specialist buy-to-let market.

“Combined with our human-focused underwriting approach, the enhanced flexibility of these relaunched product ranges offer our intermediary partners and their clients the support they need to maximise their investment opportunities.”

Latest POLL

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

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...