CHL Mortgages relaunches specialist product range

By Bridging Loan Directory 11th July 2024

Specialist lender 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 2- and 5-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 2- and 5-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, 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 specialistbuy-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.”