CHL Mortgages will lend on the full property value within the first six months of purchase, where the enhanced value has been gained by improvement works. This can be evidenced by comparing original sales particulars to current valuation and receipts for works carried out. We will also consider enhancements to the title, for instance if …
CHL Mortgages for Intermediaries commercial director announces retirement
Ross Turrell, the commercial director for specialist lender CHL Mortgages for Intermediaries, has announced his retirement. Turrell, who has enjoyed a distinguished 40-year career working in financial services, is stepping down from the role after more than four years in the position. He will be replaced by Darrell Walker, the director of sales & distribution …
CHL Mortgages for Intermediaries commercial director announces retirementRead More
Rates reduced by up to 17bps and new limited edition products added
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 …
Rates reduced by up to 17bps and new limited edition products addedRead More
Rates cut across Short Term Lets range
Specialist lender CHL Mortgages for Intermediaries has reduced rates by up to 1.19% across its Short Term Lets range of buy-to-let mortgages. The range, which is suitable for borrowers who intend to let a property for a short period of time such as a holiday let or serviced apartment, now features 2 year fixed rate …
Higher fee products added to limited edition buy-to-let range
Specialist lender CHL Mortgages for Intermediaries has expanded its limited edition buy-to-let range to include products with higher fee options to help more landlords access its higher LTV mortgages. The limited edition range now features new 6% and 7% fee options on the 2 year fixed rate range at 75% LTV, and a new 6% …
Higher fee products added to limited edition buy-to-let rangeRead More
New BDM for Essex and East Anglia
CHL Mortgages has appointed Shaun Persaud as its new business development manager (BDM) for Essex and East Anglia. Persaud’s appointment strengthens the broker support CHL Mortgages provides in the region and brings the number of BDMs in its sales team to six. Persaud joins CHL Mortgages from Omega Commercial Solutions, where he worked as a …
A Take on the Specialist Green Mortgage Market
According to a government report1, the housing in the UK is among the oldest and least energy-efficient in Western Europe. The report states that around 19 million homes in the UK lack energy efficiency, and there are several reasons for this. Firstly, a large proportion of homes in the UK use gas boilers for heating, …
Brokers are crucial in helping landlords find the right green mortgage.
In a speech on the 19th April at the London Institute of Banking & Finance Mortgage Conference, David Geale, the FCA’s Director of Retail Banking highlighted that green mortgages have a growing role to play in decarbonising the UK’s housing stock. He also sees brokers playing a pivotal role in helping borrowers navigate a complex …
Brokers are crucial in helping landlords find the right green mortgage.Read More