Specialist lender CHL Mortgages for Intermediaries has reduced rates by up to 17bps across its CHL 1 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 CHL 1 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 2 year fixed rates and from 4.56% for 5 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 2 year fixed rate, or a 2% fee option when selecting a 5 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 CHL 1 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.”
Rates cut across Short Term Lets range