Buy-to-lender CHL Mortgages has added five-year fixed products to its range, following the launch of its three-year tracker and lifetime tracker deals.
The options with a two per cent fee are available up to 75 per cent loan to value (LTV) and rates begin at 6.85 per cent for the deal which serves individuals, limited company borrowers, small houses in multiple occupation (HMO) and small multi-unit freehold blocks (MUFBs).
The equivalent for large HMOs and MUFBs has a rate of 6.95 per cent, while the short-term let option is priced at 7.05 per cent.
Products with a three or five per cent fee are available up to 70 per cent LTV, with rates beginning from 6.09 per cent.
The products have early repayment charges which start at five per cent and decline incrementally to one per cent over the initial fixed rate period.
The lender has also added options to its light refurbishment, EPC improvement and cosmetic improvement ranges, available up to 75 per cent LTV.
Ross Turrell (pictured), commercial director at CHL Mortgages, said: “In this challenging economic climate, five-year fixed rates provide the stability of payments for landlords and enable lenders to take a lower rental cover calculation by using the pay rate.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
