CHL Mortgages for Intermediaries reduces rates

By

Ross Turrell

Specialist lender CHL Mortgages for Intermediaries has reduced rates by up to 17bps across its CHL1 buy-to-let mortgage range, which includes limited-edition products.

In addition, the repriced limited-edition range now includes three new products.

The lender’s CHL1 range, which offers versatile mortgages suitable for a wide range of property types, from studio flats to houses in multiple occupation (HMOs) with up to six bedrooms, now start from 2.67% for two-year fixed rates and from 4.56% for five-year fixed rates.

The lender has also added three new products to its limited-edition range, aimed at landlords looking to purchase or remortgage an HMO or multi-unit freehold block(MUFB) of up to six bedrooms/units.

Landlords can now opt for 3.5% or 5% fee options when choosing a two-year fixed rate, or a 2% fee option when selecting a five-year fixed rate.

All products are available to individual and limited company landlords, with up to 75% LTV available.

Ross Turrell, Commercial Director at CHL Mortgages, said:

“We’re delighted to announce we’ve reduced rates across our CHL1 range.

The launch of the additional limited-edition products further enhances the options we’re offering to landlords looking to explore the opportunities that HMOs and MUFBs can offer.”