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CHL to return to mortgage market mid-year

  • 08/03/2016
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CHL to return to mortgage market mid-year
Capital Home Loans (CHL) has confirmed it will re-enter the UK lending market in the middle of this year with an intermediary-only proposition.

In a statement on its website, CHL said it would rebrand as CHL for Intermediaries, providing advisers with a range of buy-to-let products.

CHL stopped lending in 2008 and has been managing a closed book in excess of £5bn since that time. The lender was formally headed up by Bob Young, who is now chief executive of Fleet Mortgages which launched in 2014.

Rumours were sparked by Young in 2014 that CHL would begin lending again when he said the brand had plans to develop its presence in the buy-to-let sector.

The statement on CHL’s website reads: “CHL mortgages is coming back to the market. Re-branded as ‘CHL for Intermediaries’ to reflect our allegiance to and support of the intermediary market, we are currently creating a proposition and environment for a mid-year market launch.

“Our emerging intermediary teams will be ready to bring our buy-to-let products and services to our intermediary partners, to enhance your client choices and to ensure that we work with you to build partnerships that will be based on a principal where we help you build your businesses so that you can help us build ours.

“Good service, value for money products and personal support will be our destination, and the journey will be defined by the conversations that we have with you as we listen and learn the best way to achieve our joint goals.”

“Watch this space…..we will be talking to you soon…”

The lender declined to provide further comment.

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