Specialist buy-to-let lender CHL Mortgages has announced it is cutting rates by up to 25bps across its short-term let products and by up to 10bps across its limited edition buy-to-let range.
Limited edition rates for single dwelling properties now start from 2.85% and from 2.95% for HMO and MUFB properties with up to six bedrooms or units.
Meanwhile, rates for short-term let properties, such as holiday lets or serviced accommodation apartments, now start from 3.46%.
All products are open to individual and limited company landlords, with a choice of fee options, up to 80% LTV available and free valuations on selected short-term let products.
Roger Morris, Chetwood Bank Group Distribution Director for CHL Mortgages and ModaMortgages, said: “We’re delighted to be able to make these rate cuts across our limited edition and short-term let product ranges.
“The reductions reflect our focus on delivering greater value for landlords while giving them the opportunity to diversify their portfolios and explore other investment opportunities.”
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