CHL Mortgages has re-launched five-year and two-year fixed rate products across all ranges.

All the fixed rate products are available to a maximum of 70% LTV, with a 3% product fee.

The five-year fixed rate products have an early repayment charge (ERC) percentage of 5/4/3/2/1, while two-year fixed rate products have an ERC percentage of 3/2.

Core Product Range

Individuals & Limited Companies/LLP

• five-year fixed interest rate of 6.64%
• two-year fixed interest rate of 6.60%

Small HMOs & MUFBs

• five-year fixed interest rate of 6.74%
• two-year fixed interest rate of 6.70%

Large HMOs & MUFBs

• five-year fixed interest rate of 6.79%
• two-year fixed interest rate of 6.75%

Short Term Lets

• five-year fixed interest rate of 6.74%
• two-year fixed interest rate of 6.70%

Refurbishment Product Range

Light Refurbishment

• five-year fixed interest rate of 6.79% (Individual and Limited Company/LLP) 
• two-year fixed interest rate of 6.75% (Individual and Limited Company/LLP)
• five-year fixed interest rate of 6.84% (Small HMO/MUFB)
• two-year fixed interest rate of 6.80% (Small HMO/MUFB)

 EPC Improvement

• five-year fixed interest rate 6.79% (Individual and Limited Company/LLP)
• two-year fixed interest rate of 6.75% (Individual and Limited Company/LLP)
• five-year fixed interest rate of 6.84% (Small HMO/MUFB)
• two-year fixed interest rate of 6.80% (Small HMO/MUFB)

Cosmetic Improvement

• five-year fixed interest rate of 6.74% (Individual and Limited Company/LLP)
• two-year fixed interest rate of 6.70% (Individual and Limited Company/LLP)
• five-year fixed interest rate of 6.79% (Small HMO/MUFB)
• two-year fixed interest rate of 6.75% (Small HMO/MUFB)

The full CHL Mortgages product range caters for first-time landlords, portfolio landlords, limited companies and LLPs covering a variety of buy-to-let investments, including HMOs and MUFBs.

Ross Turrell (pictured), commercial director at CHL Mortgages, said: “We know that our intermediary partners find it challenging to make the rental calculations work for their landlord clients in the current economic climate. The launch of the five-year fixed rate products, stressed at pay rate are designed to assist and potentially generate a higher maximum advance.

“Furthermore, we lock in the ICR Calculation on our Lifetime Tracker products at the application stage once all the fees are paid.”