CHL Mortgages has made changes to its product range.
Products are available with 2%, 3.5%, 5% and 7% fee options and LTV bandings of 55%, 65%, 70% and 75%.
The specialist buy-to-let lender’s two-year fixed rates start from 3.41% for a standard buy-to-let, with HMO/MUFB products starting from 3.43%.
Five-year fixed products are also available, starting from 4.76% for a standard buy-to-let, with HMO/MUFB products starting from 4.83%.
Its ICR calculations are as follows:
- Five-year fixed: Pay rate
- Two-year fixed: 5.5% or pay rate plus 2% (whichever is higher)
Ross Turrell, commercial director at CHL Mortgages, said: “Despite the recent increasing swap rates, we are still pleased to provide low rate options to landlords which is a useful solution to assist with cashflow.”
