CHL Mortgages is cutting its buy-to-let fixed rates.
The specialist buy-to-let lender has reduced rates by up to 0.37 percentage points.
Its Standard buy-to-let two-year fixed rates now start from 3.00%, with five-year fixed rates starting from 4.35%.
HMO/MUFB two-year fixed rate products are available from 3.02%, and the five-year fixed rate products start from 4.42%.
Products are available with 2%, 5% and 7% fee options and LTV bandings of 55%, 65%, 70% and 75%.
ICR is calculated at pay rate for five-year fixed rates and at the higher of 5.5% or pay rate plus 2% for two-year fixed rates.
Ross Turrell (pictured), commercial director at CHL Mortgages, said: As we move ever closer to the point at which the Bank of England will reduce the base rate, we see improvements on the forward swap curves. As a result, we’re pleased to be able to reduce both two-year and five-year fixed rates, which in turn will offer more choice for brokers and the Landlord community.
